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

On the chart of the GBPAUD M30 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 2.0175, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 68 points.

On the chart of NZDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4610; the lower boundary 0.4580; the width of the pattern 30 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4550 level.

According to the chart of H1, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3437/1.3376 whereas the lower border goes across 1.3324/1.3376. The pattern width is measured on the chart at 113 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3376 is broken, the price could continue its move toward 1.3416.

According to the chart of M30, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0618 is likely to encourage a continuation of the downward trend.

According to the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5306 and 0.5277 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 0.5306 is broken, the price is likely to continue its move by 0.5321.

According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 207.50/208.22 whereas the upper border goes across 208.72/208.22. 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 GBPJPY will breach the upper border to head for 208.45.

On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 208.72; the lower boundary 208.19; the width of the pattern 53 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 207.89 level.

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 208.42; the lower boundary is 208.20. The width of the pattern is 23 points. In case of a break of the upper boundary 208.42, 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.

According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 208.56 and 208.33 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 23 pips. Outlook: If the upper border 208.56 is broken, the price is likely to continue its move by 208.61.

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 208.18 is broken, the downward movement will continue.