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

On the chart of the EURUSD 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 1.0810, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 13 points.

The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.4775; the lower boundary 1.4765; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 1.4765 with a possible movements towards the 1.4750 level.

On the chart of the NZDUSD 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 0.6024, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 9 points.

The Double Top pattern has been formed on #PEP H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 179.83 is broken, the downward movement will continue.

On the chart of the AUDJPY 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 103.41, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 19 points.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDCAD M5. Forecast: if the price breaks above the pattern high at 0.8235, then traders will be able to place a long deal with the target at 0.8250.

The Bullish Flag pattern has been formed on NZDUSD at M15. The lower boundary of the pattern is located at 0.6023/0.6017, while the higher boundary lies at 0.6033/0.6027. The projection of the flagpole is 43 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.6033 is broken, the price will move further upwards.

The Bullish pennant graphic pattern has formed on the NZDUSD M15 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 0.6055.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 103.60/103.51 whereas the lower border goes across 103.40/103.51. The pattern width is measured on the chart at 20 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 103.51 is broken, the price could continue its move toward 103.66.

The Bearish Flag pattern has been formed on the chart USDCHF M15 which signals that the downward trend will continue. If the price breaks below the low at 0.9049, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).