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

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.
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Figure:
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Triangle
Rectangle
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Timeframe:
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M5
M15
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Signal strength:
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Signal direction:
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Buy
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GBPJPY

GBPJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 190.79/191.07 and upper border is 191.37/191.07. The pattern width is measured on the chart at -58 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 GBPJPY breaches the lower border, the price could continue its move toward 190.92.
2024-03-28T03:11:52

GBPJPY M5

Double Top
The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 190.87; the lower boundary 190.71; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 190.71 with a possible movements towards the 190.56 level.
2024-03-27T14:55:15

GBPJPY M5

Double Top
On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 191.49; the lower boundary 191.32; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 191.17 level.
2024-03-27T09:00:15

GBPJPY M30

Bullish Rectangle
According to the chart of M30, GBPJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 191.15 – 191.15 and upper border 191.54 – 191.54. In case the upper border is broken, the instrument is likely to follow the upward trend.
2024-03-26T10:13:20

GBPJPY M5

Double Bottom
The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 191.35; the lower boundary is 191.18. The width of the pattern is 16 points. In case of a break of the upper boundary 191.35, 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.
2024-03-26T01:25:30

GBPJPY M30

Bearish Rectangle
According to the chart of M30, GBPJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 190.84, the lower border is 190.32. The signal means that a short position should be opened after fixing a price below the lower border 190.32 of the Bearish Rectangle.
2024-03-25T07:38:09

GBPJPY M15

Double Top
The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 190.82; the lower boundary 190.32; the width of the pattern is 50 points. Sell trades are better to be opened below the lower boundary 190.32 with a possible movements towards the 190.10 level.
2024-03-25T06:00:25

GBPJPY H1

Double Bottom
The Double Bottom pattern has been formed on GBPJPY H1; the upper boundary is 190.82; the lower boundary is 190.32. The width of the pattern is 46 points. In case of a break of the upper boundary 190.82, 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.
2024-03-25T04:22:36

GBPJPY H1

Double Bottom
The Double Bottom pattern has been formed on GBPJPY H1. 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 190.82 is broken. The further movements will rely on the width of the current pattern 46 points.
2024-03-25T03:00:14

GBPJPY M15

Bearish Symmetrical Triangle
According to the chart of M15, GBPJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 190.47 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -33 pips.
2024-03-22T19:22:42