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实际图案
Double Top
On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 158.28; the lower boundary 158.15; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 158.00 level.
Bearish pennant
The Bearish pennant pattern has formed on the USDJPY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 158.01 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
Bullish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 159.29 and 158.93 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 36 pips. Outlook: If the upper border 159.29 is broken, the price is likely to continue its move by 159.24.
Double Top
On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 159.29; the lower boundary 158.97; the width of the pattern 32 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 158.82 level.
Triple Top
On the chart of the USDJPY D1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 157.52, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 239 points.
