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

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3453/1.3468 whereas the upper border goes across 1.3480/1.3468. 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 GBPUSD will breach the upper border to head for 1.3483.

The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.3480; the lower boundary is 1.3459. The width of the pattern is 20 points. In case of a break of the upper boundary 1.3480, 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.

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 1.3418 is broken. The further movements will rely on the width of the current pattern 9 points.

On the chart of GBPUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3447; the lower boundary 1.3435; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3412 level.

The Double Top reversal pattern has been formed on GBPUSD M15. Characteristics: the upper boundary 1.3447; the lower boundary 1.3439; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 1.3439 with a possible movements towards the 1.3417 level.