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

On the chart of the USDJPY H1 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 159.39, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 62 points.

The Triple Top pattern has formed on the chart of the EURNZD H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6, support level -11, and pattern’s width 41. Forecast If the price breaks through the support level 1.9750, it is likely to move further down to 1.9756.

The Double Bottom pattern has been formed on NZDUSD H1. 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 0.5882 is broken. The further movements will rely on the width of the current pattern 25 points.

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 214.70; the resistance level 214.76; the width of the pattern 6 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 6 points.

According to the chart of M15, EURCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.6181 and 1.6131 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 50 pips. Outlook: If the upper border 1.6181 is broken, the price is likely to continue its move by 1.6176.