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
GBPCHF
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.
GBPCHF M5
Head and Shoulders
According to the chart of M5, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.0776 while the median line of the Neck is found at 1.0762/1.0764. 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 GBPCHF will go towards 1.0749.
GBPCHF H1
Bearish Rectangle
According to the chart of H1, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0736 – 1.0736 and upper border 1.0753 – 1.0753. In case the lower border is broken, the instrument is likely to follow the downward trend.
GBPCHF M30
Bearish Rectangle
According to the chart of M30, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0753 - 0.0000 and support 1.0736 – 1.0736. In case the resistance level 1.0736 - 1.0736 is broken, the instrument is likely to follow the bearish trend.
GBPCHF M5
Double Top
On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0752; the lower boundary 1.0745; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0730 level.
GBPCHF M5
Double Bottom
The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.0759; the lower boundary is 1.0749. The width of the pattern is 10 points. In case of a break of the upper boundary 1.0759, 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.
GBPCHF M5
Bearish Rectangle
According to the chart of M5, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0756 – 1.0756 and upper border 1.0764 – 1.0764. In case the lower border is broken, the instrument is likely to follow the downward trend.
GBPCHF M5
Double Bottom
The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0756; the resistance level 1.0763; the width of the pattern 7 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 7 points.
GBPCHF M15
Inverse Head and Shoulder
According to M15, GBPCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.0786/1.0781 is broken out, the instrument is likely to move toward 1.0804.