FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Triple Bottom
The Triple Bottom pattern has formed on the chart of the NZDUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.5833/0.5831.
Double Bottom
The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0635; the resistance level 1.0658; the width of the pattern 23 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 24 points.
Head and Shoulders
According to the chart of M30, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.9184 while the median line of the Neck is found at 0.9164/0.9163. 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 AUDCAD will go towards 0.9133.
Triple Top
The Triple Top pattern has formed on the chart of the #EBAY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 84.41/84.67 with the upper limit 84.79/84.83; the projection of the width is 38 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 84.41, the price is most likely to continue the downward movement.
Double Top
The Double Top reversal pattern has been formed on #AMZN M5. Characteristics: the upper boundary 232.89; the lower boundary 232.44; the width of the pattern is 41 points. Sell trades are better to be opened below the lower boundary 232.44 with a possible movements towards the 232.29 level.
