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

According to the chart of M15, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.4611 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -18 pips.

The Bullish pennant signal – Trading instrument EURUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.0707, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on #AMZN M30. Characteristics: the upper boundary 180.26; the lower boundary 176.12; the width of the pattern is 463 points. Sell trades are better to be opened below the lower boundary 176.12 with a possible movements towards the 175.82 level.

The Double Bottom pattern has been formed on #MSFT M5. Characteristics: the support level 408.14; the resistance level 410.19; the width of the pattern 205 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 211 points.

According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5444 and 0.5415 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 0.5444 is broken, the price is likely to continue its move by 0.5459.