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 1.0473 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant pattern is formed on the GBPCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.0473, a further uptrend is possible.

The Triple Top pattern has formed on the chart of the GBPCHF H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.0433/1.0449 with the upper limit 1.0472/1.0476; the projection of the width is 39 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.0433, the price is most likely to continue the downward movement.

On the chart of the GBPCHF M30 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 1.0433, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 39 points.

On the chart of GBPCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0476; the lower boundary 1.0449; the width of the pattern 27 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0419 level.