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

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 35914.81 and 35543.77 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 37104 pips. Outlook: If the upper border 35914.81 is broken, the price is likely to continue its move by 35744.10 pips.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 35080.31/35461.57 and upper border is 35921.26/35461.57. The pattern width is measured on the chart at -84095 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #Bitcoin breaches the lower border, the price could continue its move toward 35461.

According to the chart of M15, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9230 and support 0.9204. In case the resistance level 0.9230 - 0.9230 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.0933 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -16 pips.

The Double Bottom pattern has been formed on USDCAD M5. Characteristics: the support level 1.2416; the resistance level 1.2426; the width of the pattern 10 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 9 points.