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

According to the chart of M15, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 213.25/213.51 and upper border is 213.73/213.51. The pattern width is measured on the chart at -48 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPJPY breaches the lower border, the price could continue its move toward 213.29.

According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 213.60 and 213.45 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 15 pips. Outlook: If the upper border 213.60 is broken, the price is likely to continue its move by 213.69.

The Double Bottom pattern has been formed on EURCHF M15; the upper boundary is 0.9143; the lower boundary is 0.9135. The width of the pattern is 9 points. In case of a break of the upper boundary 0.9143, 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.

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 76.83 and 76.52 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 305 pips. Outlook: If the upper border 76.83 is broken, the price is likely to continue its move by 76.66.

According to the chart of M5, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.1613 – 1.1613 and upper border 1.1624 – 1.1624. In case the upper border is broken, the instrument is likely to follow the upward trend.