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

The Double Top reversal pattern has been formed on EURCHF H1. Characteristics: the upper boundary 0.9160; the lower boundary 0.9143; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 0.9143 with a possible movements towards the 0.9103 level.

According to the chart of H1, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.8820, the lower border is 1.8733. The signal means that a short position should be opened after fixing a price below the lower border 1.8733 of the Bearish Rectangle.

The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.9778; the lower boundary 1.9763; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 1.9763 with a possible movements towards the 1.9748 level.

The Bearish Flag pattern has been formed on the chart GBPCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 1.0572, traders should enter the market.

The Bearish pennant pattern has formed on the GBPCHF 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 1.0572, a trader will be able to successfully enter the sell position.