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

The technical pattern called Head and Shoulders has appeared on the chart of #MA M30. There are weighty reasons to suggest that the price will surpass the Neckline 530.25/530.34 after the right shoulder has been formed. So, the trend is set to change with the price heading for 530.04.

The Bearish pennant pattern has formed on the #GOOG M5 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 359.64, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the #MSFT M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 381.50 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bearish pennant pattern has formed on the #TSLA M5 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 394.73, a trader will be able to successfully enter the sell position.

The Triple Top pattern has formed on the chart of the USDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -4, and pattern’s width 16. Forecast If the price breaks through the support level 162.40, it is likely to move further down to 162.41.