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

The Triple Bottom pattern has formed on the chart of the GBPJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 211.60/211.56.

According to the chart of M5, GBPJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 211.97 while the median line of the Neck is set at 212.28/212.24. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPJPY will go towards 212.39.

On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 212.99; the lower boundary 212.55; the width of the pattern 44 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 212.40 level.

The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 212.93 is broken, the downward movement will continue.

According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 214.06/213.98 whereas the lower border goes across 213.87/213.98. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 213.98 is broken, the price could continue its move toward 214.13.

On the chart of the GBPJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 213.80, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 17 points.

According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 213.97/213.87 whereas the lower border goes across 213.79/213.87. The pattern width is measured on the chart at 18 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 213.87 is broken, the price could continue its move toward 214.02.

The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 213.75; the lower boundary 213.53; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 213.53 with a possible movements towards the 213.38 level.

The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 212.84 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 212.65; the lower boundary 212.51; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 212.51 with a possible movements towards the 212.36 level.