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

The Double Bottom pattern has been formed on EURGBP 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 0.8788 is broken. The further movements will rely on the width of the current pattern 177 points.

The Double Bottom pattern has been formed on EURNZD 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 1.9851 is broken. The further movements will rely on the width of the current pattern 355 points.

According to the chart of H1, #Bitcoin formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 72888.63 – 72888.63 and upper border 74510.28 – 74510.28. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of the EURJPY 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 185.90, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 30 points.

The Double Bottom pattern has been formed on AUDCAD M15; the upper boundary is 0.9773; the lower boundary is 0.9761. The width of the pattern is 11 points. In case of a break of the upper boundary 0.9773, 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.