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

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPUSD M5. Forecast: if the price breaks above the pattern high at 1.3415, then traders will be able to place a long deal with the target at 1.3430.

The Bullish pennant signal – Trading instrument GBPUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3415, with the prospect of the next move being a projection of the flagpole height.

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.

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.

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.