FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Top
The Double Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4742 is broken, the downward movement will continue.
Triple Top
On the chart of the NZDCHF M15 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 0.4731, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 5 points.
Bullish Rectangle
According to the chart of M5, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4714 and support 0.4709. In case the resistance level 0.4714 - 0.4714 is broken, the instrument is likely to follow the bullish trend.
Double Top
On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4714; the lower boundary 0.4709; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4694 level.
Double Top
On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4703; the lower boundary 0.4698; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4683 level.
