FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M30, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.9305 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -43 pips.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9305/0.9318 and upper border is 0.9337/0.9318. The pattern width is measured on the chart at -32 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 EURCHF breaches the lower border, the price could continue its move toward 0.9303.

The Double Bottom pattern has been formed on EURCHF M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.9347 is broken. The further movements will rely on the width of the current pattern 12 points.

The Triple Bottom pattern has formed on the chart of the EURCHF M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.9347/0.9337.

The Double Bottom pattern has been formed on EURCHF M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.9350 is broken. The further movements will rely on the width of the current pattern 11 points.