FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Top
On the chart of EURJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 187.03; the lower boundary 186.92; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 186.77 level.
Bullish pennant
The Bullish pennant pattern is formed on the EURJPY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 187.02, a further uptrend is possible.
Double Top
On the chart of EURJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 186.87; the lower boundary 186.74; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 186.59 level.
Double Top
On the chart of EURJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 186.87; the lower boundary 186.73; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 186.58 level.
Triple Top
On the chart of the EURJPY 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 186.73, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 8 points.
