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

The Double Top pattern has been formed on #Bitcoin M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 79954.19 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 184.65; the lower boundary 184.53; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 184.53 with a possible movements towards the 184.38 level.

According to the chart of M15, EURGBP formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8638/0.8644 and upper border is 0.8649/0.8644. The pattern width is measured on the chart at -11 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURGBP breaches the lower border, the price could continue its move toward 0.8622.

The Double Bottom pattern has been formed on #NTDOY 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 10.67 is broken. The further movements will rely on the width of the current pattern 30 points.

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3694/1.3683 whereas the lower border goes across 1.3675/1.3683. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3683 is broken, the price could continue its move toward 1.3698.