FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Bottom
The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6576; the resistance level 0.6589; the width of the pattern 13 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 14 points.
Double Top
The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 88.41 is broken, the downward movement will continue.
Bearish Symmetrical Triangle
According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5245 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -26 pips.
Bullish Symmetrical Triangle
According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4619/0.4608 whereas the lower border goes across 0.4597/0.4608. The pattern width is measured on the chart at 22 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4608 is broken, the price could continue its move toward 0.4638.
Bearish Symmetrical Triangle
According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0526 is likely to encourage a continuation of the downward trend.
