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

Actual patterns

2022-06-29T12:10:25
rise fall
EURGBP M5
Double Top
The Double Top reversal pattern has been formed on EURGBP M5. Characteristics: the upper boundary 0.8660; the lower boundary 0.8646; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 0.8646 with a possible movements towards the 0.8631 level.
2022-06-29T12:05:30
rise fall
USDJPY M5
Triple Top
On the chart of the USDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 136.36, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 18 points.
2022-06-29T12:00:23
rise fall
NZDCHF M5
Double Bottom
The Double Bottom pattern has been formed on NZDCHF 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 0.5922 is broken. The further movements will rely on the width of the current pattern 9 points.
2022-06-29T11:47:52
rise fall
NZDCHF M5
Bearish Symmetrical Triangle
According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5913/0.5918 and upper border is 0.5923/0.5918. The pattern width is measured on the chart at -10 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 NZDCHF breaches the lower border, the price could continue its move toward 0.
2022-06-29T11:00:27
rise fall
EURUSD M5
Double Top
On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0528; the lower boundary 1.0504; the width of the pattern 24 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0489 level.
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