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

According to the chart of M5, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3439, the lower border is 1.3432. The signal means that a short position should be opened after fixing a price below the lower border 1.3432 of the Bearish Rectangle.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3434/1.3455 whereas the upper border goes across 1.3484/1.3455. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPUSD will breach the upper border to head for 1.3470.

The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3490; the lower boundary 1.3473; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 1.3473 with a possible movements towards the 1.3458 level.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPUSD M5. Forecast: if the price breaks above the pattern high at 1.3415, then traders will be able to place a long deal with the target at 1.3430.

The Bullish pennant signal – Trading instrument GBPUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3415, with the prospect of the next move being a projection of the flagpole height.

On the chart of the GBPUSD M15 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 1.3380, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 27 points.

According to the chart of M15, GBPUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3409, the lower border is 1.3380. The signal means that a long position should be opened above the upper border 1.3409 of the Bullish Rectangle.

The Double Top pattern has been formed on GBPUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3380 is broken, the downward movement will continue.

According to the chart of M5, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3407 and support 1.3380. In case the resistance level 1.3407 - 1.3407 is broken, the instrument is likely to follow the bullish trend.

The Bearish pennant pattern has formed on the GBPUSD M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 1.3338, a trader will be able to successfully enter the sell position.