FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bullish Rectangle
According to the chart of M15, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 186.64 – 186.64 and upper border 186.84 – 186.84. In case the upper border is broken, the instrument is likely to follow the upward trend.
Bearish Symmetrical Triangle
According to the chart of M5, #AAPL formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 269.62 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -66 pips.
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Double Bottom
The Double Bottom pattern has been formed on #AAPL M5. Characteristics: the support level 269.62; the resistance level 270.22; the width of the pattern 60 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 54 points.
Double Top
The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 113.93; the lower boundary 113.87; the width of the pattern is 6 points. Sell trades are better to be opened below the lower boundary 113.87 with a possible movements towards the 113.72 level.
Bearish Rectangle
According to the chart of M5, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 159.44, the lower border is 159.33. The signal means that a short position should be opened after fixing a price below the lower border 159.33 of the Bearish Rectangle.
