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.
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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:
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Buy
Sell
GBPJPY
GBPJPY M15
Double Top
On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 213.36; the lower boundary 213.19; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 212.96 level.
GBPJPY M5
Double Top
The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 213.37; the lower boundary 213.19; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 213.19 with a possible movements towards the 213.04 level.
GBPJPY M5
Double Top
The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 212.92 is broken, the downward movement will continue.
GBPJPY M5
Inverse Head and Shoulder
According to the chart of M5, GBPJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 212.32 while the median line of the Neck is set at 212.57/212.54. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPJPY will go towards 212.69.
GBPJPY M15
Triple Top
The Triple Top pattern has formed on the chart of the GBPJPY M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 5, support level -7, and pattern’s width 41. Forecast If the price breaks through the support level 212.33, it is likely to move further down to 212.49.
GBPJPY M5
Bullish Rectangle
According to the chart of M5, GBPJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 212.54 – 212.54 and upper border 212.74 – 212.74. In case the upper border is broken, the instrument is likely to follow the upward trend.
GBPJPY M5
Double Top
The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 212.54 is broken, the downward movement will continue.
GBPJPY M5
Double Bottom
The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 213.78; the lower boundary is 213.72. The width of the pattern is 6 points. In case of a break of the upper boundary 213.78, 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.
GBPJPY M5
Double Top
The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 213.63; the lower boundary 212.83; the width of the pattern is 78 points. Sell trades are better to be opened below the lower boundary 212.83 with a possible movements towards the 212.68 level.
GBPJPY M15
Double Top
On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 212.71; the lower boundary 212.60; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 212.38 level.