FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, GBPUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.3499 – 1.3499 and upper border 1.3510 – 1.3510. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8244/0.8270 and upper border is 0.8291/0.8270. The pattern width is measured on the chart at -47 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCHF breaches the lower border, the price could continue its move toward 0.8255.

According to the chart of M5, #FB formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 642.69, the lower border is 640.66. The signal means that a long position should be opened above the upper border 642.69 of the Bullish Rectangle.

The Double Top pattern has been formed on #FB M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 640.66 is broken, the downward movement will continue.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 173.68; the lower boundary 173.17; the width of the pattern 51 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 173.02 level.