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

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 62431.95/62676.60 whereas the upper border goes across 62968.85/62676.60. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #Bitcoin will breach the upper border to head for 62676.75.

According to the chart of M15, EURJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 184.57, the lower border is 184.45. The signal means that a long position should be opened above the upper border 184.57 of the Bullish Rectangle.

The Triple Top pattern has formed on the chart of the EURJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 184.41/184.47 with the upper limit 184.53/184.56; the projection of the width is 12 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 184.41, the price is most likely to continue the downward movement.

On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 215.50; the lower boundary 215.36; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 215.13 level.

The AUDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9851, the Neckline and the upward angle are at 0.9847/0.9846. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of AUDCAD will go towards 0.9831.