FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
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.
Double Bottom
The Double Bottom pattern has been formed on USDCAD M5. Characteristics: the support level 1.3605; the resistance level 1.3610; the width of the pattern 5 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 5 points.
Double Top
The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5910; the lower boundary 0.5903; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.5903 with a possible movements towards the 0.5888 level.
