FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Top
On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 93.66; the lower boundary 93.58; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 93.43 level.
Double Top
The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 93.42; the lower boundary 92.44; the width of the pattern is 99 points. Sell trades are better to be opened below the lower boundary 92.44 with a possible movements towards the 92.29 level.
Bullish Symmetrical Triangle
According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 91.97/91.84 whereas the lower border goes across 91.66/91.84. The pattern width is measured on the chart at 31 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 91.84 is broken, the price could continue its move toward 92.07.
Bullish Flag
The Bullish Flag pattern has been formed on NZDJPY at H1. The lower boundary of the pattern is located at 91.63/91.63, while the higher boundary lies at 91.97/91.97. The projection of the flagpole is 63 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 91.97 is broken, the price will move further upwards.
Bearish Symmetrical Triangle
According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 91.35 is likely to encourage a continuation of the downward trend.
