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

The Double Top pattern has been formed on EURGBP H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8574 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the EURGBP M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -4, and pattern’s width 12. Forecast If the price breaks through the support level 0.8570, it is likely to move further down to 0.8558.

The technical pattern called Head and Shoulders has appeared on the chart of EURGBP M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.8564/0.8565 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8543.

The Double Top reversal pattern has been formed on EURGBP M5. Characteristics: the upper boundary 0.8569; the lower boundary 0.8565; the width of the pattern is 4 points. Sell trades are better to be opened below the lower boundary 0.8565 with a possible movements towards the 0.8550 level.

The Triple Top pattern has formed on the chart of the EURGBP H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8541/0.8547 with the upper limit 0.8558/0.8556; the projection of the width is 17 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 0.8541, the price is most likely to continue the downward movement.