FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bullish Rectangle
According to the chart of M5, USDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8909, the lower border is 0.8877. The signal means that a long position should be opened above the upper border 0.8909 of the Bullish Rectangle.
Bullish Symmetrical Triangle
According to the chart of M30, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8861/0.8849 whereas the lower border goes across 0.8832/0.8849. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8849 is broken, the price could continue its move toward 0.8879.
Double Bottom
The Double Bottom pattern has been formed on USDCHF H1. 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 0.8841 is broken. The further movements will rely on the width of the current pattern 17 points.
Bearish Symmetrical Triangle
According to the chart of M15, USDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8824 is likely to encourage a continuation of the downward trend.
Triple Bottom
The Triple Bottom pattern has formed on the chart of the USDCHF M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8864/0.8859.
