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

On the chart of the USDCAD M30 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 1.3669, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 18 points.

The Double Top reversal pattern has been formed on USDCAD M30. Characteristics: the upper boundary 1.3691; the lower boundary 1.3675; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 1.3675 with a possible movements towards the 1.3645 level.

The Double Top reversal pattern has been formed on USDCAD H1. Characteristics: the upper boundary 1.3691; the lower boundary 1.3669; the width of the pattern is 22 points. Sell trades are better to be opened below the lower boundary 1.3669 with a possible movements towards the 1.3629 level.

On the chart of USDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3691; the lower boundary 1.3669; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3647 level.

On the chart of USDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3691; the lower boundary 1.3669; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3639 level.