FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Bottom
The Double Bottom pattern has been formed on GBPJPY M15. Characteristics: the support level 209.90; the resistance level 210.80; the width of the pattern 90 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 90 points.
Double Bottom
The Double Bottom pattern has been formed on GBPJPY H1; the upper boundary is 212.09; the lower boundary is 209.90. The width of the pattern is 211 points. In case of a break of the upper boundary 212.09, 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 Bottom
The Double Bottom pattern has been formed on GBPJPY M15. 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 210.20 is broken. The further movements will rely on the width of the current pattern 29 points.
Inverse Head and Shoulder
According to the chart of M5, GBPJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 209.91 while the median line of the Neck is set at 210.22/210.18. 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 GBPJPY will go towards 210.33.
Bearish Symmetrical Triangle
According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 209.96 is likely to encourage a continuation of the downward trend.
