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

Technical Analysis Patterns
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.
Instrument:
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AUDCAD
AUDCHF
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GBPAUD
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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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High
Medium
Low
Signal direction:
All
Buy
Sell
GBPAUD
GBPAUD M5
Bullish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.8932 and 1.8892 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 40 pips. Outlook: If the upper border 1.8932 is broken, the price is likely to continue its move by 1.8924.
GBPAUD M30
Double Top
On the chart of GBPAUD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8873; the lower boundary 1.8828; the width of the pattern 45 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8798 level.
GBPAUD M5
Bearish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.8831 is likely to encourage a continuation of the downward trend.
GBPAUD H1
Double Top
On the chart of GBPAUD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8842; the lower boundary 1.8806; the width of the pattern 36 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8766 level.
GBPAUD M15
Double Top
The Double Top pattern has been formed on GBPAUD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8825 is broken, the downward movement will continue.
GBPAUD M5
Double Top
The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.8837; the lower boundary 1.8827; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 1.8827 with a possible movements towards the 1.8812 level.
GBPAUD M5
Double Top
On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8837; the lower boundary 1.8806; the width of the pattern 31 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8791 level.
GBPAUD M30
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 1.8778; the lower boundary is 1.8738. The width of the pattern is 40 points. In case of a break of the upper boundary 1.8778, 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.
GBPAUD M15
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 1.8778; the lower boundary is 1.8738. The width of the pattern is 40 points. In case of a break of the upper boundary 1.8778, 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.
GBPAUD M5
Bearish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.8744 is likely to encourage a continuation of the downward trend.