FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bearish Symmetrical Triangle
According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.6687 is likely to encourage a continuation of the downward trend.
Triple Bottom
The Triple Bottom pattern has been formed on AUDJPY M15. It has the following characteristics: resistance level 104.49/104.42; support level 104.30/104.33; the width is 19 points. In the event of a breakdown of the resistance level of 104.49, the price is likely to continue an upward movement at least to 104.60.
Inverse Head and Shoulder
According to the chart of M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5802 while the median line of the Neck is found at 0.5791/0.5797. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDUSD will go towards 0.5817
Double Bottom
The Double Bottom pattern has been formed on NZDJPY M30; the upper boundary is 90.64; the lower boundary is 90.44. The width of the pattern is 21 points. In case of a break of the upper boundary 90.64, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
Bearish Symmetrical Triangle
According to the chart of M30, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0627 is likely to encourage a continuation of the downward trend.
