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

A Bullish Pennant continuation signal has formed on the EURCAD M5 chart. A long position may be considered above the pattern high at 1.5716, with the projected move based on the height of the flagpole.

The Double Top pattern has formed on the GBPCHF M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.0986 is likely to confirm further downward movement.

The Triple Top pattern has formed on the chart of SILVER M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 51.58 may confirm the bearish scenario. The projected peak-to-trough width is 165 points.

The Head and Shoulders pattern has formed on the GBPAUD M15 chart. The head high is at 1.9357, while the neckline passes through 1.9229/1.9249. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Inverse Head and Shoulders pattern has formed on the GBPAUD M5 chart. The head low is at 1.9249, while the neckline passes through 1.9273/1.9270. The formation of the Inverse Head and Shoulders indicates a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.