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

The Triple Top pattern has formed on the chart of the GBPAUD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -18, and pattern’s width 50. Forecast If the price breaks through the support level 2.0530, it is likely to move further down to 2.0549.

The Double Top reversal pattern has been formed on GBPAUD M30. Characteristics: the upper boundary 2.0580; the lower boundary 2.0530; the width of the pattern is 51 points. Sell trades are better to be opened below the lower boundary 2.0530 with a possible movements towards the 2.0500 level.

On the chart of the GBPAUD 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 2.0530, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 50 points.

The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0557 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the GBPAUD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 2.0412 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.