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

The Bullish pennant graphic pattern has formed on the GBPJPY M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 211.29.

The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5355; the lower boundary 0.5347; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 0.5347 with a possible movements towards the 0.5325 level.

According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 210.52 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -49 pips.

The GBPJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 210.92, the Neckline and the upward angle are at 210.80/210.79. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPJPY will go towards 210.64.

According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 89.93 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -41 pips.