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

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2022-08-08T15:30:31
rise fall
#MA H1
Double Top
On the chart of #MA H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 358.82; the lower boundary 350.71; the width of the pattern 811 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 350.31 level.
2022-08-08T15:30:29
rise fall
#Bitcoin M30
Double Top
The Double Top pattern has been formed on #Bitcoin M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 24019.08 is broken, the downward movement will continue.
2022-08-08T14:45:40
rise fall
EURGBP M15
Double Bottom
The Double Bottom pattern has been formed on EURGBP M15. 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 0.8419 is broken. The further movements will rely on the width of the current pattern 9 points.
2022-08-08T14:45:23
rise fall
NZDUSD M5
Double Top
The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.6296; the lower boundary 0.6285; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.6285 with a possible movements towards the 0.6270 level.
2022-08-08T14:30:31
rise fall
#MA M30
Double Top
The Double Top reversal pattern has been formed on #MA M30. Characteristics: the upper boundary 358.80; the lower boundary 350.71; the width of the pattern is 811 points. Sell trades are better to be opened below the lower boundary 350.71 with a possible movements towards the 350.41 level.
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