FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Bearish Flag pattern has been formed on the chart GBPUSD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 1.3516, traders should enter the market.

The Bearish pennant pattern has formed on the GBPUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.3516 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of M5, AUDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.6499 while the median line of the Neck is found at 0.6486/0.6487. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.6472.

According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 198.65 - 0.00 and support 198.30 – 198.30. In case the resistance level 198.30 - 198.30 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M15, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0792/2.0837 whereas the upper border goes across 2.0897/2.0837. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPAUD will breach the upper border to head for 2.0859.