FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bearish Symmetrical Triangle
According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 93.10 is likely to encourage a continuation of the downward trend.
Bearish Symmetrical Triangle
According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 92.84/93.01 and upper border is 93.22/93.01. The pattern width is measured on the chart at -38 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDJPY breaches the lower border, the price could continue its move toward 92.79.
Bullish Rectangle
According to the chart of M5, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 93.49 and support 93.35. In case the resistance level 93.49 - 93.49 is broken, the instrument is likely to follow the bullish trend.
Double Top
The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 93.49; the lower boundary 93.36; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 93.36 with a possible movements towards the 93.21 level.
Bullish Symmetrical Triangle
According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 93.57 and 93.13 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 44 pips. Outlook: If the upper border 93.57 is broken, the price is likely to continue its move by 93.51.
