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

The Double Bottom pattern has been formed on #MA M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 512.82 is broken. The further movements will rely on the width of the current pattern 161 points.

According to the chart of M5, #MSFT formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 427.15 and 422.89 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 426 pips. Outlook: If the upper border 427.15 is broken, the price is likely to continue its move by 425.45.

According to the chart of M5, #MSFT formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 427.15 and support 422.97. In case the resistance level 427.15 - 427.15 is broken, the instrument is likely to follow the bullish trend.

The Bearish Flag pattern has been formed on AUDCHF at M5. The lower boundary of the pattern is located at 0.5577/0.5581 while the upper boundary lies at 0.5581/0.5585. The projection of the flagpole is 10 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.5577 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the AUDCHF 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 0.5577, a trader will be able to successfully enter the sell position.