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

The Triple Top pattern has formed on the chart of the GBPUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.3323/1.3328 with the upper limit 1.3338/1.3338; the projection of the width is 15 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 1.3323, the price is most likely to continue the downward movement.

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 1.3318 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3318 is broken, the downward movement will continue.

On the chart of the GBPUSD M5 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 1.3299, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 6 points.

The Triple Bottom pattern has formed on the chart of GBPUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.3306 with the upper limit 1.3306/1.3298, the projection of the width is 14 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.3292, the price is most likely to continue the upward movement.