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

On the chart of the GOLD M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 4388.42, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 3182 points.

According to the chart of H1, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0676/1.0655 whereas the lower border goes across 1.0636/1.0655. The pattern width is measured on the chart at 40 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0655 is broken, the price could continue its move toward 1.0695.

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 4420.24/4404.94 whereas the lower border goes across 4383.98/4404.94. The pattern width is measured on the chart at 3626 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 4404.94 is broken, the price could continue its move toward 4405.09.

The Double Bottom pattern has been formed on GBPUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.3419 is broken. The further movements will rely on the width of the current pattern 6 points.

The Bearish Flag pattern has been formed on the chart GBPUSD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 1.3411, traders should enter the market.