FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Head and Shoulders
According to the chart of M5, EURCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.9320 while the median line of the Neck is found at 0.9313/0.9313. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURCHF will go towards 0.9298.
Triple Top
The Triple Top pattern has formed on the chart of the EURCHF M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -8, and pattern’s width 12. Forecast If the price breaks through the support level 0.9302, it is likely to move further down to 0.9286.
Triple Top
On the chart of the EURCHF 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 0.9302, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 points.
Triple Top
On the chart of the EURCHF M5 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 0.9301, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 13 points.
Double Bottom
The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9292; the lower boundary is 0.9289. The width of the pattern is 3 points. In case of a break of the upper boundary 0.9292, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
