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

According to the chart of M15, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3593 while the median line of the Neck is found at 1.3560/1.3565. 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 GBPUSD will go towards 1.3542.

The Double Top pattern has been formed on GBPUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3568 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 1.3568, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 20 points.

The Double Bottom pattern has been formed on GBPUSD M15. 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 1.3423 is broken. The further movements will rely on the width of the current pattern 10 points.

The Triple Bottom pattern has formed on the chart of the GBPUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.3444/1.3435.