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

According to the chart of M5, #Bitcoin formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 79758.16 - 0.00 and support 79563.63 – 79563.63. In case the resistance level 79563.63 - 79563.63 is broken, the instrument is likely to follow the bearish trend.

The Triple Bottom pattern has formed on the chart of the EURUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.1713/1.1711.

The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8611 is broken, the downward movement will continue.

The Double Top pattern has been formed on NZDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8126 is broken, the downward movement will continue.

According to M5, GBPUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.3519/1.3519 is broken out, the instrument is likely to move toward 1.3534.