FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Bottom
The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 198.31; the resistance level 198.40; the width of the pattern 9 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 8 points.
Double Bottom
The Double Bottom pattern has been formed on GBPJPY M5. 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 198.38 is broken. The further movements will rely on the width of the current pattern 9 points.
Double Bottom
The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 198.96; the lower boundary is 198.74. The width of the pattern is 22 points. In case of a break of the upper boundary 198.96, 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.
Double Top
The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 198.91 is broken, the downward movement will continue.
Bullish Rectangle
According to the chart of M5, GBPJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 198.84 – 198.84 and upper border 199.05 – 199.05. In case the upper border is broken, the instrument is likely to follow the upward trend.
