FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Top
The Double Top pattern has been formed on #Bitcoin M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 97359.35 is broken, the downward movement will continue.
Inverse Head and Shoulder
According to the chart of M30, EURGBP produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8312 while the median line of the Neck is set at 0.8339/0.8338. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of EURGBP will go towards 0.8368.
Bullish Rectangle
According to the chart of M15, AUDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6524, the lower border is 0.6510. The signal means that a long position should be opened above the upper border 0.6524 of the Bullish Rectangle.
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 1.9399; the resistance level 1.9422; 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 22 points.
Bullish Symmetrical Triangle
According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9108 and 0.9088 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 20 pips. Outlook: If the upper border 0.9108 is broken, the price is likely to continue its move by 0.9111.