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

According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.9849/1.9825 whereas the lower border goes across 1.9803/1.9825. The pattern width is measured on the chart at 46 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.9825 is broken, the price could continue its move toward 1.9840.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.7861 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -15 pips.

The Triple Top pattern has formed on the chart of the #Bitcoin M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 77799.39/77907.39 with the upper limit 78173.87/78181.01; the projection of the width is 37448 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 77799.39, the price is most likely to continue the downward movement.

The Bearish Flag pattern has been formed on the chart AUDJPY M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 112.80, traders should enter the market.

The Bearish pennant pattern has formed on the AUDJPY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 112.80 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.