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

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.9756 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -17 pips.

The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 194.02 is broken, the downward movement will continue.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 62069.83 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -47978 pips.

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 2317.53; the lower boundary 2313.30; the width of the pattern is 387 points. Sell trades are better to be opened below the lower boundary 2313.30 with a possible movements towards the 2313.15 level.

According to the chart of M30, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8243/0.8233 whereas the lower border goes across 0.8221/0.8233. The pattern width is measured on the chart at 22 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8233 is broken, the price could continue its move toward 0.8263.

The Double Top reversal pattern has been formed on EURCHF D1. Characteristics: the upper boundary 0.9847; the lower boundary 0.9565; the width of the pattern is 271 points. Sell trades are better to be opened below the lower boundary 0.9565 with a possible movements towards the 0.9525 level.

On the chart of the EURNZD D1 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 1.7839, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 254 points.

The Bullish Flag pattern has been formed on AUDCHF at D1. The lower boundary of the pattern is located at 0.5949/0.5895, while the higher boundary lies at 0.6007/0.5953. The projection of the flagpole is 265 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.6007 is broken, the price will move further upwards.

The Bullish pennant signal – Trading instrument AUDCHF D1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.6007, with the prospect of the next move being a projection of the flagpole height.

According to the chart of H1, EURCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.9778 while the median line of the Neck is found at 0.9753/0.9757. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURCHF will go towards 0.9717.