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

On the chart of the USDJPY M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 157.18, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 66 points.

The Double Bottom pattern has been formed on #KO M30; the upper boundary is 78.76; the lower boundary is 77.73. The width of the pattern is 103 points. In case of a break of the upper boundary 78.76, 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.

The Double Bottom pattern has been formed on #KO M15; the upper boundary is 78.76; the lower boundary is 77.73. The width of the pattern is 103 points. In case of a break of the upper boundary 78.76, 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.

According to the chart of M5, EURCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9164 and support 0.9158. In case the resistance level 0.9164 - 0.9164 is broken, the instrument is likely to follow the bullish trend.

On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5626; the lower boundary 0.5622; the width of the pattern 4 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5607 level.