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:
All
#Bitcoin
EURCHF
EURGBP
EURJPY
EURUSD
EURCAD
EURRUB
EURNZD
USDCAD
USDCHF
USDJPY
USDRUB
NZDCAD
NZDUSD
NZDCHF
NZDJPY
AUDCAD
AUDCHF
AUDJPY
AUDUSD
GBPUSD
GBPJPY
GBPAUD
GBPCHF
GOLD
SILVER
#AAPL
#AMZN
#EBAY
#FB
#GOOG
#MCD
#MA
#KO
#INTC
#MSFT
#NTDOY
#PEP
#TSLA
#TWTR
Figure:
All
Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
All
M5
M15
M30
H1
D1
Signal strength:
All
High
Medium
Low
Signal direction:
All
Buy
Sell
GBPAUD M5
Bearish pennant
The Bearish pennant pattern has formed on the GBPAUD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 2.0468; the projection of the flagpole height is equal to 20 pips. In case the price breaks out the pattern’s bottom of 2.0468, the downtrend is expected to continue for further level 2.0453.
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 199.45 is broken, the downward movement will continue.
GBPCHF M5
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of GBPCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 1.0787/1.0786 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.0771.
GBPCHF M15
Double Top
The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.0791; the lower boundary 1.0783; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 1.0783 with a possible movements towards the 1.0761 level.
GBPJPY M15
Double Top
On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.42; the lower boundary 199.18; the width of the pattern 24 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 198.96 level.
GBPUSD M15
Triple Bottom
The Triple Bottom pattern has been formed on GBPUSD M15. It has the following characteristics: resistance level 1.3530/1.3524; support level 1.3517/1.3514; the width is 13 points. In the event of a breakdown of the resistance level of 1.3530, the price is likely to continue an upward movement at least to 1.3537.
AUDCAD M15
Double Top
The Double Top reversal pattern has been formed on AUDCAD M15. Characteristics: the upper boundary 0.9127; the lower boundary 0.9108; the width of the pattern is 19 points. Sell trades are better to be opened below the lower boundary 0.9108 with a possible movements towards the 0.9086 level.
AUDCHF M15
Double Top
On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5258; the lower boundary 0.5245; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5222 level.
GBPUSD H1
Head and Shoulders
According to the chart of H1, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3589 while the median line of the Neck is found at 1.3481/1.3517. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.3477.
AUDUSD M30
Double Bottom
The Double Bottom pattern has been formed on AUDUSD M30. 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 0.6595 is broken. The further movements will rely on the width of the current pattern 14 points.