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

According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.3523 is likely to encourage a continuation of the downward trend.

According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3574 while the median line of the Neck is found at 1.3549/1.3549. 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 1.3519.

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 1.3547, a trader will be able to successfully enter the sell position.

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 1.3549 is broken, the downward movement will continue.

According to the chart of M30, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3532 and 1.3464 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 68 pips. Outlook: If the upper border 1.3532 is broken, the price is likely to continue its move by 1.3531.