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

According to the chart of M5, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 85.40 – 85.40 and upper border 85.57 – 85.57. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish pennant signal – Trading instrument NZDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 85.60, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant graphic pattern has formed on the NZDCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.5061.

The Double Top pattern has been formed on #Bitcoin M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 84666.85 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 2.0616; the lower boundary is 2.0566. The width of the pattern is 47 points. In case of a break of the upper boundary 2.0616, 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.