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

The Double Bottom pattern has been formed on #GOOG M5. Characteristics: the support level 301.71; the resistance level 305.80; the width of the pattern 409 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 393 points.

According to the chart of H1, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 642.87, the lower border is 628.26. The signal means that a short position should be opened after fixing a price below the lower border 628.26 of the Bearish Rectangle.

According to the chart of M30, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 642.87, the lower border is 628.26. The signal means that a short position should be opened after fixing a price below the lower border 628.26 of the Bearish Rectangle.

According to the chart of M5, GBPAUD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.9128 while the median line of the Neck is set at 1.9165/1.9162. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPAUD will go towards 1.9177.

According to the chart of M5, #EBAY formed the Head and Shoulders pattern. The Head’s top is set at 83.13 while the median line of the Neck is found at 82.45/82.44. 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 #EBAY will go towards 82.29.