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

The Bearish Flag pattern has been formed on the chart GBPCHF M15 which signals that the downward trend will continue. If the price breaks below the low at 1.0603, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).

The Bearish pennant pattern has formed on the GBPCHF M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.0603 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 113.02/113.05 with the upper limit 113.14/113.14; the projection of the width is 12 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 113.02, the price is most likely to continue the downward movement.

According to the chart of H1, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 182.27 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -254 pips.

According to the chart of M30, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 182.27 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -253 pips.