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

The Double Top reversal pattern has been formed on GOLD H1. Characteristics: the upper boundary 5104.44; the lower boundary 4989.48; the width of the pattern is 11040 points. Sell trades are better to be opened below the lower boundary 4989.48 with a possible movements towards the 4989.08 level.

The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 5099.88; the lower boundary 5073.16; the width of the pattern is 2591 points. Sell trades are better to be opened below the lower boundary 5073.16 with a possible movements towards the 5072.94 level.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 113.03; the lower boundary 111.58; the width of the pattern is 1395 points. Sell trades are better to be opened below the lower boundary 111.58 with a possible movements towards the 111.57 level.

The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.0639; the lower boundary 1.0629; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 1.0629 with a possible movements towards the 1.0606 level.

The Bearish pennant pattern has formed on the GBPUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3662; the projection of the flagpole height is equal to 27 pips. In case the price breaks out the pattern’s bottom of 1.3662, the downtrend is expected to continue for further level 1.3647.