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

The Double Bottom pattern has formed on the EURGBP M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.8355. The projected move is based on the pattern width of 3 points.

The Bearish Symmetrical Triangle pattern has formed on the SILVER M5 chart. A break below the lower boundary at 49.56 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 700 points.

The Bearish Flag pattern has formed on the EURGBP M5 chart. Its lower boundary passes through 0.8353/0.8355, while its upper boundary passes through 0.8355/0.8357. The projected flagpole height is 6 points. The formation indicates that the downtrend is likely to continue. A break below 0.8353 would confirm further downward movement.

The Bullish Symmetrical Triangle pattern has formed on the NZDCHF H1 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.4641/0.4627, while its lower boundary passes through 0.4609/0.4627. The pattern width is 32 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.4627 could send the price toward 0.4667.

The Bullish Symmetrical Triangle pattern has formed on the GBPAUD M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 1.9492 and 1.9455, respectively. The pattern width is 37 points. If the price breaks above the upper boundary at 1.9492, it is likely to move toward 1.9489.