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

According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0695 is likely to encourage a continuation of the downward trend.

According to M5, GBPUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.3310/1.3310 is broken out, the instrument is likely to move toward 1.3325.

The Double Top pattern has been formed on GBPUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3304 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on GBPAUD H1. Characteristics: the support level 2.0243; the resistance level 2.0320; the width of the pattern 77 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 76 points.

The Double Bottom pattern has been formed on NZDJPY M30; the upper boundary is 88.19; the lower boundary is 87.80. The width of the pattern is 41 points. In case of a break of the upper boundary 88.19, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.