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

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURCHF M5. Forecast: if the price breaks above the pattern high at 0.9226, then traders will be able to place a long deal with the target at 0.9241.

The Bullish pennant signal – Trading instrument EURCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.9226, with the prospect of the next move being a projection of the flagpole height.

The #Bitcoin M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 62996.86, the Neckline and the upward angle are at 62543.15/62610.28. 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 #Bitcoin will go towards 62610.13.

The Triple Bottom pattern has formed on the chart of GBPCHF M30. Features of the pattern: The lower line of the pattern has coordinates 1.0696 with the upper limit 1.0696/1.0684, the projection of the width is 16 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 1.0680, the price is most likely to continue the upward movement.

According to the chart of M30, AUDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5598, the lower border is 0.5589. The signal means that a short position should be opened after fixing a price below the lower border 0.5589 of the Bearish Rectangle.