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

On the chart of the #PEP 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 143.44, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 199 points.

The Double Top pattern has been formed on #PEP M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 144.71 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #PEP M5. 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 145.16 is broken. The further movements will rely on the width of the current pattern 157 points.

The Double Top pattern has been formed on #PEP M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 148.35 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #PEP M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 146.80 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.