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

On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 196.62; the lower boundary 196.34; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 196.19 level.

The Bullish pennant pattern is formed on the #AAPL M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 176.47, a further uptrend is possible.

According to the chart of M30, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5978/0.5963 whereas the lower border goes across 0.5951/0.5963. The pattern width is measured on the chart at 27 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5963 is broken, the price could continue its move toward 0.5993.

According to the chart of M15, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5978/0.5963 whereas the lower border goes across 0.5951/0.5963. The pattern width is measured on the chart at 27 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5963 is broken, the price could continue its move toward 0.5986.

The Bearish pennant pattern has formed on the #INTC 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 31.00, a trader will be able to successfully enter the sell position.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9752 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the #MA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 458.83; the projection of the flagpole height is equal to 444 pips. In case the price breaks out the pattern’s bottom of 458.83, the downtrend is expected to continue for further level 458.68.

The Bullish pennant signal – Trading instrument #AAPL M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 176.31, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on EURNZD M15. Characteristics: the support level 1.7918; the resistance level 1.7952; the width of the pattern 34 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 34 points.

The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 444.07; the lower boundary 439.28; the width of the pattern is 495 points. Sell trades are better to be opened below the lower boundary 439.28 with a possible movements towards the 439.13 level.