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

According to the chart of M5, GBPCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0701 – 1.0701 and upper border 1.0711 – 1.0711. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPCHF M5. Forecast: if the price breaks above the pattern high at 1.0709, then traders will be able to place a long deal with the target at 1.0724.

The Bullish pennant graphic pattern has formed on the GBPCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 1.0724.

The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.0685; the lower boundary 1.0667; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 1.0667 with a possible movements towards the 1.0637 level.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0682/1.0670 whereas the lower border goes across 1.0659/1.0670. The pattern width is measured on the chart at 23 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0670 is broken, the price could continue its move toward 1.0685.