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

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.

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.

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.

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.

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.