FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Triple Bottom
The Triple Bottom pattern has formed on the chart of GOLD M5. Features of the pattern: The lower line of the pattern has coordinates 4642.41 with the upper limit 4642.41/4634.17, the projection of the width is 1898 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 4623.43, the price is most likely to continue the upward movement.
Inverse Head and Shoulder
According to M30, GBPAUD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.8841/1.8841 is broken out, the instrument is likely to move toward 1.8871.
Triple Bottom
The Triple Bottom pattern has been formed on USDJPY M15. It has the following characteristics: resistance level 159.28/159.23; support level 159.10/159.12; the width is 18 points. In the event of a breakdown of the resistance level of 159.28, the price is likely to continue an upward movement at least to 159.34.
Bearish Symmetrical Triangle
According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.5975 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -16 pips.
Double Bottom
The Double Bottom pattern has been formed on USDJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 159.28 is broken. The further movements will rely on the width of the current pattern 18 points.
