FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Top
The Double Top reversal pattern has been formed on NZDJPY D1. Characteristics: the upper boundary 94.15; the lower boundary 90.64; the width of the pattern is 366 points. Sell trades are better to be opened below the lower boundary 90.64 with a possible movements towards the 90.24 level.
Bearish Symmetrical Triangle
According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 93.35/93.48 and upper border is 93.62/93.48. The pattern width is measured on the chart at -27 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 93.33.
Bearish Symmetrical Triangle
According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 93.35/93.47 and upper border is 93.62/93.47. The pattern width is measured on the chart at -27 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 93.32.
Bearish Symmetrical Triangle
According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 93.44 is likely to encourage a continuation of the downward trend.
Bearish Rectangle
According to the chart of H1, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 93.75, the lower border is 93.30. The signal means that a short position should be opened after fixing a price below the lower border 93.30 of the Bearish Rectangle.
