FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Triple Bottom
The Triple Bottom pattern has formed on the chart of the EURGBP M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8427/0.8425.
Triple Top
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 0.8419, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 5 points.
Bearish Rectangle
According to the chart of M5, EURGBP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8410 – 0.8410 and upper border 0.8417 – 0.8417. In case the lower border is broken, the instrument is likely to follow the downward trend.
Double Bottom
The Double Bottom pattern has been formed on EURGBP M30. Characteristics: the support level 0.8407; the resistance level 0.8420; the width of the pattern 13 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 14 points.
Double Bottom
The Double Bottom pattern has been formed on EURGBP M30; the upper boundary is 0.8414; the lower boundary is 0.8407. The width of the pattern is 7 points. In case of a break of the upper boundary 0.8414, 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.
