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

On the chart of the GBPCHF 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 1.0611, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.

The Bullish pennant graphic pattern has formed on the GBPCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 1.0625.

On the chart of the GBPCHF 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 1.0575, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 7 points.

The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.0579; the lower boundary is 1.0570. The width of the pattern is 8 points. In case of a break of the upper boundary 1.0579, 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 M30, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0609 - 0.0000 and support 1.0585 – 1.0585. In case the resistance level 1.0585 - 1.0585 is broken, the instrument is likely to follow the bearish trend.