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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
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
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M5
M15
M30
H1
D1
Signal strength:
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Signal direction:
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Buy
Sell
GOLD

GOLD M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of GOLD M5. Features of the pattern: The lower line of the pattern has coordinates 1778.16 with the upper limit 1778.16/1775.43, the projection of the width is 374 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1774.42, the price is most likely to continue the upward movement.
2022-08-15T12:20:01

GOLD M5

Bearish pennant
The Bearish pennant pattern has formed on the GOLD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1792.83 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
2022-08-15T04:40:49

GOLD M5

Triple Top
On the chart of the GOLD 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 1797.65, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 373 points.
2022-08-12T20:05:04

GOLD M5

Double Top
On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1801.34; the lower boundary 1797.65; the width of the pattern 369 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1797.50 level.
2022-08-12T19:05:02

GOLD H1

Triple Bottom
The Triple Bottom pattern has formed on the chart of GOLD H1. Features of the pattern: The lower line of the pattern has coordinates 1798.77 with the upper limit 1798.77/1793.63, the projection of the width is 1567 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1783.10, the price is most likely to continue the upward movement.
2022-08-12T13:00:25

GOLD M30

Triple Bottom
The Triple Bottom pattern has been formed on GOLD M30. It has the following characteristics: resistance level 1798.77/1793.63; support level 1783.10/1784.44; the width is 1567 points. In the event of a breakdown of the resistance level of 1798.77, the price is likely to continue an upward movement at least to 1784.85.
2022-08-12T12:30:17

GOLD M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of GOLD M5. Features of the pattern: The lower line of the pattern has coordinates 1788.14 with the upper limit 1788.14/1787.95, the projection of the width is 256 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1785.58, the price is most likely to continue the upward movement.
2022-08-12T11:00:22

GOLD M5

Double Bottom
The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 1788.14; the lower boundary is 1785.44. The width of the pattern is 256 points. In case of a break of the upper boundary 1788.14, 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.
2022-08-12T10:30:21

GOLD M5

Triple Top
The Triple Top pattern has formed on the chart of the GOLD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 25, support level -30, and pattern’s width 246. Forecast If the price breaks through the support level 1789.59, it is likely to move further down to 1791.91.
2022-08-12T06:30:14

GOLD M5

Bullish Rectangle
According to the chart of M5, GOLD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1792.06, the lower border is 1789.59. The signal means that a long position should be opened above the upper border 1792.06 of the Bullish Rectangle.
2022-08-12T06:05:16