FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Bottom
The Double Bottom pattern has been formed on EURCHF M5. Characteristics: the support level 0.9234; the resistance level 0.9237; the width of the pattern 3 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 3 points.
Double Top
The Double Top reversal pattern has been formed on EURCHF H1. Characteristics: the upper boundary 0.9249; the lower boundary 0.9229; the width of the pattern is 21 points. Sell trades are better to be opened below the lower boundary 0.9229 with a possible movements towards the 0.9189 level.
Head and Shoulders
The EURCHF M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9250, the Neckline and the upward angle are at 0.9232/0.9235. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURCHF will go towards 0.9212.
Double Top
The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9178; the lower boundary 0.9173; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.9173 with a possible movements towards the 0.9158 level.
Double Bottom
The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9178; the lower boundary is 0.9172. The width of the pattern is 6 points. In case of a break of the upper boundary 0.9178, 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.
