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

According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8374/0.8380 whereas the upper border goes across 0.8388/0.8380. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURGBP will breach the upper border to head for 0.8395.

The Triple Top pattern has formed on the chart of the EURGBP M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8356/0.8369 with the upper limit 0.8380/0.8379; the projection of the width is 24 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 0.8356, the price is most likely to continue the downward movement.

According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8265 and 0.8257 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 8 pips. Outlook: If the upper border 0.8265 is broken, the price is likely to continue its move by 0.8276.

On the chart of the EURGBP M5 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 0.8256, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 8 points.

According to the chart of M30, EURGBP formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8255, the lower border is 0.8241. The signal means that a short position should be opened after fixing a price below the lower border 0.8241 of the Bearish Rectangle.