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:
1 selected
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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
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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
EURGBP
EURGBP M15
Double Bottom
The Double Bottom pattern has been formed on EURGBP M15. Characteristics: the support level 0.8629; the resistance level 0.8639; the width of the pattern 10 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 10 points.
EURGBP M5
Double Bottom
The Double Bottom pattern has been formed on EURGBP M5. Characteristics: the support level 0.8629; the resistance level 0.8639; the width of the pattern 10 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 10 points.
EURGBP M5
Inverse Head and Shoulder
According to M5, EURGBP is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8641/0.8642 is broken out, the instrument is likely to move toward 0.8657.
EURGBP M30
Bearish Rectangle
According to the chart of M30, EURGBP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8666 - 0.0000 and support 0.8655 – 0.8655. In case the resistance level 0.8655 - 0.8655 is broken, the instrument is likely to follow the bearish trend.
EURGBP M15
Triple Bottom
The Triple Bottom pattern has been formed on EURGBP M15. It has the following characteristics: resistance level 0.8663/0.8661; support level 0.8655/0.8656; the width is 8 points. In the event of a breakdown of the resistance level of 0.8663, the price is likely to continue an upward movement at least to 0.8679.
EURGBP D1
Double Bottom
The Double Bottom pattern has been formed on EURGBP D1. 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 0.8788 is broken. The further movements will rely on the width of the current pattern 177 points.
EURGBP D1
Double Bottom
The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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.
EURGBP D1
Double Bottom
The Double Bottom pattern has been formed on EURGBP D1. 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 0.8788 is broken. The further movements will rely on the width of the current pattern 177 points.
EURGBP M5
Bearish Flag
The Bearish Flag pattern has been formed on EURGBP at M5. The lower boundary of the pattern is located at 0.8702/0.8708 while the upper boundary lies at 0.8708/0.8714. The projection of the flagpole is 12 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.8702 is broken, the price will move further downwards.
EURGBP H1
Bullish Symmetrical Triangle
According to the chart of H1, EURGBP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8696 and 0.8634 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 62 pips. Outlook: If the upper border 0.8696 is broken, the price is likely to continue its move by 0.8699.