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

The Bearish pennant pattern has formed on the GBPUSD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 1.2827, a trader will be able to successfully enter the sell position.

According to the chart of M15, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3108, the lower border is 1.3079. The signal means that a short position should be opened after fixing a price below the lower border 1.3079 of the Bearish Rectangle.

The Bullish Flag pattern has been formed on the chart GBPUSD M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.3106 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument GBPUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3106, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M15, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3134/1.3164 whereas the upper border goes across 1.3206/1.3164. 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 1.3187.