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

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2024-05-13T15:15:45
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EURUSD M15
Double Top
The Double Top pattern has been formed on EURUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0795 is broken, the downward movement will continue.
2024-05-10T09:35:28
rise fall
EURUSD M5
Double Top
On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0786; the lower boundary 1.0779; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0764 level.
2024-05-09T20:15:13
rise fall
EURUSD M15
Triple Top
The Triple Top pattern has formed on the chart of the EURUSD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -6, and pattern’s width 12. Forecast If the price breaks through the support level 1.0769, it is likely to move further down to 1.0757.
2024-05-09T18:31:12
rise fall
EURUSD M15
Double Top
The Double Top pattern has been formed on EURUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0769 is broken, the downward movement will continue.
2024-05-09T16:51:24
rise fall
EURUSD M5
Bullish Symmetrical Triangle
According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0767/1.0774 whereas the upper border goes across 1.0781/1.0774. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURUSD will breach the upper border to head for 1.0789.
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