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

The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 71570.68; the lower boundary is 71379.18. The width of the pattern is 18200 points. In case of a break of the upper boundary 71570.68, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The USDCHF H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.7921, the Neckline and the upward angle are at 0.7860/0.7864. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of USDCHF will go towards 0.7824.

The Double Bottom pattern has been formed on NZDCAD D1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.8087 is broken. The further movements will rely on the width of the current pattern 171 points.

The Double Bottom pattern has been formed on EURNZD D1; the upper boundary is 1.9851; the lower boundary is 1.9509. The width of the pattern is 355 points. In case of a break of the upper boundary 1.9851, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Bearish pennant pattern has formed on the #EBAY M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 91.88, a trader will be able to successfully enter the sell position.