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 M5
Double Top
The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 209.54, its lower boundary is at 209.42, and its width is 12 points. A break below the lower boundary is likely to confirm further downward movement toward 209.27.
GBPJPY M15
Bullish Flag
The Bullish Flag pattern has formed on the GBPJPY M15 chart, signaling a likely continuation of the uptrend. A break above the pattern high at 209.44 may send the price higher by a distance corresponding to the height of the flagpole.
GBPJPY M15
Bullish Pennant
The Bullish Pennant pattern has formed on the GBPJPY M15 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 209.44, the uptrend is expected to continue toward 209.66.
GBPJPY H1
Bullish Symmetrical Triangle
The Bullish Symmetrical Triangle pattern has formed on the GBPJPY H1 chart. Its lower boundary passes through 207.79/208.81, while its upper boundary passes through 210.17/208.81. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, GBPJPY is expected to break the upper boundary and move toward 209.21.
GBPJPY H1
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the GBPJPY H1 chart. Its lower boundary passes through 206.85/208.64, while its upper boundary passes through 210.55/208.64. The pattern width is 370 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPJPY breaks below the lower boundary, the price could move toward 208.24.
GBPJPY M5
Bullish Pennant
The Bullish Pennant pattern has formed on the GBPJPY M5 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 209.08, the uptrend is expected to continue toward 209.23.
GBPJPY M5
Double Top
The Double Top reversal pattern has formed on the GBPJPY M5 chart. Its upper boundary is at 208.21, its lower boundary is at 208.03, and its width is 20 points. A short position may be considered below the lower boundary at 208.03, with a potential target at 207.88.
GBPJPY M30
Double Bottom
The Double Bottom pattern has formed on the GBPJPY M30 chart. Its support is at 208.03, its resistance is at 208.53, and its width is 50 points. A break above resistance may confirm a trend reversal, with the first target projected 55 points away.
GBPJPY M5
Bullish Symmetrical Triangle
The Bullish Symmetrical Triangle pattern has formed on the GBPJPY M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 208.77/208.58, while its lower boundary passes through 208.40/208.58. The pattern width is 37 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 208.58 could send the price toward 208.73.
GBPJPY M15
Double Top
The Double Top pattern has formed on the GBPJPY M15 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 208.78 is likely to confirm further downward movement.