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

The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3453; the lower boundary 1.3441; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 1.3441 with a possible movements towards the 1.3426 level.

The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3444 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on GBPUSD M30; the upper boundary is 1.3445; the lower boundary is 1.3427. The width of the pattern is 20 points. In case of a break of the upper boundary 1.3445, 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.

On the chart of GBPUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3541; the lower boundary 1.3518; the width of the pattern 23 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3488 level.

According to the chart of H1, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3350 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -97 pips.

According to the chart of M30, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3350 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -98 pips.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3404/1.3401 whereas the lower border goes across 1.3397/1.3401. The pattern width is measured on the chart at 7 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3401 is broken, the price could continue its move toward 1.3416.

The Bullish Flag pattern has been formed on GBPUSD at M5. The lower boundary of the pattern is located at 1.3355/1.3355, while the higher boundary lies at 1.3357/1.3357. The projection of the flagpole is 8 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.3357 is broken, the price will move further upwards.

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 1.3365 is broken. The further movements will rely on the width of the current pattern 9 points.

According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3365 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -20 pips.