2019-01-21 Triple Bottom GBPUSD M30

The Triple Bottom pattern has formed on the chart of the GBPUSD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.2878/1.2866.

2019-01-21 Inverse Head and Shoulder GBPUSD M30

According to the chart of M30, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.2866 while the median line of the Neck is found at 1.2847/1.2857. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.2896

2019-01-21 Triple Top EURCAD M15

On the chart of the EURCAD M15 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 1.5067, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 27 points.

2019-01-21 Bullish symmetrical triangle USDCHF M5

According to the chart of M5, USDCHF formed the Bullish symmetrical triangle pattern. The lower border of the pattern touches the coordinates 0.9956/0.9951 whereas the upper border goes across 0.9944/0.9951. 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 USDCHF will breach the upper border to head for 0.9936.