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

The Bullish Flag pattern has been formed on the chart GBPCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.1470 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant graphic pattern has formed on the GBPCHF 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 1.1485.

The Double Bottom pattern has been formed on GBPCHF M15. Characteristics: the support level 1.1407; the resistance level 1.1450; the width of the pattern 43 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 41 points.

According to the chart of M5, GBPCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.1436 – 1.1436 and upper border 1.1445 – 1.1445. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.1393 is likely to encourage a continuation of the downward trend.