FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bearish pennant
The Bearish pennant pattern has formed on the EURUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.1735 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.
Triple Top
The Triple Top pattern has formed on the chart of the EURUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -4, and pattern’s width 9. Forecast If the price breaks through the support level 1.1790, it is likely to move further down to 1.1783.
Bullish Rectangle
According to the chart of M15, EURUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1807, the lower border is 1.1792. The signal means that a long position should be opened above the upper border 1.1807 of the Bullish Rectangle.
Bullish Rectangle
According to the chart of M5, EURUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1807 and support 1.1792. In case the resistance level 1.1807 - 1.1807 is broken, the instrument is likely to follow the bullish trend.
Double Top
The Double Top reversal pattern has been formed on EURUSD M15. Characteristics: the upper boundary 1.1805; the lower boundary 1.1792; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 1.1792 with a possible movements towards the 1.1769 level.
