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

The Double Bottom pattern has been formed on AUDCHF M5. 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 0.5564 is broken. The further movements will rely on the width of the current pattern 4 points.

The Bullish pennant pattern is formed on the EURJPY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 185.04, a further uptrend is possible.

According to the chart of M5, GBPUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3257, the lower border is 1.3249. The signal means that a long position should be opened above the upper border 1.3257 of the Bullish Rectangle.

The Bullish pennant signal – Trading instrument #GOOG M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 350.93, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant signal – Trading instrument #MA M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 515.33, with the prospect of the next move being a projection of the flagpole height.