FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bullish Symmetrical Triangle
According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1390 and 1.1354 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 36 pips. Outlook: If the upper border 1.1390 is broken, the price is likely to continue its move by 1.1387.
Bullish Rectangle
According to the chart of M15, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.1358 – 1.1358 and upper border 1.1394 – 1.1394. In case the upper border is broken, the instrument is likely to follow the upward trend.
Double Top
The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1392; the lower boundary 1.1375; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 1.1375 with a possible movements towards the 1.1360 level.
Triple Bottom
The Triple Bottom pattern has formed on the chart of EURUSD H1. Features of the pattern: The lower line of the pattern has coordinates 1.1439 with the upper limit 1.1439/1.1357, the projection of the width is 131 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.1308, the price is most likely to continue the upward movement.
Double Top
The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1357; the lower boundary 1.1346; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 1.1346 with a possible movements towards the 1.1331 level.