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

According to the chart of M5, EURUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1735, the lower border is 1.1723. The signal means that a long position should be opened above the upper border 1.1735 of the Bullish Rectangle.

According to the chart of M5, USDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3612, the lower border is 1.3603. The signal means that a short position should be opened after fixing a price below the lower border 1.3603 of the Bearish Rectangle.

On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1735; the lower boundary 1.1723; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1708 level.

The Double Top reversal pattern has been formed on #Bitcoin M15. Characteristics: the upper boundary 76669.55; the lower boundary 76093.49; the width of the pattern is 56069 points. Sell trades are better to be opened below the lower boundary 76093.49 with a possible movements towards the 76093.27 level.

The Triple Bottom pattern has formed on the chart of #KO M5. Features of the pattern: The lower line of the pattern has coordinates 79.09 with the upper limit 79.09/78.53, the projection of the width is 73 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 78.36, the price is most likely to continue the upward movement.