FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3476/1.3490 and upper border is 1.3500/1.3490. The pattern width is measured on the chart at -24 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPUSD breaches the lower border, the price could continue its move toward 1.3475.

According to the chart of M15, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3518 and 1.3455 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 63 pips. Outlook: If the upper border 1.3518 is broken, the price is likely to continue its move by 1.3512.

The Double Bottom pattern has been formed on GBPUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.3508 is broken. The further movements will rely on the width of the current pattern 7 points.

The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.3507; the lower boundary is 1.3501. The width of the pattern is 7 points. In case of a break of the upper boundary 1.3507, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Triple Top pattern has formed on the chart of the GBPUSD H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -10, support level -32, and pattern’s width 47. Forecast If the price breaks through the support level 1.3470, it is likely to move further down to 1.3493.

According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3533 while the median line of the Neck is found at 1.3506/1.3508. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.3478.

The Double Bottom pattern has been formed on GBPUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.3533 is broken. The further movements will rely on the width of the current pattern 26 points.

The Double Bottom pattern has been formed on GBPUSD M15; the upper boundary is 1.3487; the lower boundary is 1.3470. The width of the pattern is 16 points. In case of a break of the upper boundary 1.3487, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.3487; the lower boundary is 1.3470. The width of the pattern is 16 points. In case of a break of the upper boundary 1.3487, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M15, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3476 while the median line of the Neck is found at 1.3445/1.3453. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.3431.