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

The Inverse Head and Shoulders pattern has formed on the EURGBP M5 chart. The head low is at 0.8360, while the neckline passes through 0.8368/0.8366. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Bearish Symmetrical Triangle pattern has formed on the EURGBP M15 chart. A break below the lower boundary at 0.8365 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 7 points.

The Bullish Symmetrical Triangle pattern has formed on the EURGBP M15 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 0.8380 and 0.8360, respectively. The pattern width is 20 points. If the price breaks above the upper boundary at 0.8380, it is likely to move toward 0.8390.

The Double Bottom pattern has formed on the EURGBP M30 chart. Its support is at 0.8359, its resistance is at 0.8363, and its width is 4 points. A break above resistance may confirm a trend reversal, with the first target projected 4 points away.

The Bearish Flag pattern has formed on the EURGBP M5 chart, signaling a likely continuation of the downtrend. If the price breaks below the pattern low at 0.8382, it is likely to move further downward. The projected move corresponds to the flagpole height of 6 points.