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

According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8105/0.8099 whereas the lower border goes across 0.8094/0.8099. The pattern width is measured on the chart at 11 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8099 is broken, the price could continue its move toward 0.8114.

According to the chart of D1, #Bitcoin formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 67292.72 - 0.00 and support 57808.25 – 57808.25. In case the resistance level 57808.25 - 57808.25 is broken, the instrument is likely to follow the bearish trend.

The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 59.10; the lower boundary 58.76; the width of the pattern is 345 points. Sell trades are better to be opened below the lower boundary 58.76 with a possible movements towards the 58.74 level.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.9117 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -33 pips.

The Triple Top pattern has formed on the chart of the EURNZD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -1, and pattern’s width 18. Forecast If the price breaks through the support level 1.9603, it is likely to move further down to 1.9597.