FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bullish pennant
The Bullish pennant graphic pattern has formed on the NZDUSD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.5792.
Triple Top
On the chart of the GBPUSD M15 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 1.3380, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 27 points.
Bullish Rectangle
According to the chart of M15, GBPUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3409, the lower border is 1.3380. The signal means that a long position should be opened above the upper border 1.3409 of the Bullish Rectangle.
Inverse Head and Shoulder
According to M30, GBPJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 211.68/211.63 is broken out, the instrument is likely to move toward 211.93.
Double Top
The Double Top pattern has been formed on GBPUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3380 is broken, the downward movement will continue.
