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

According to the chart of M5, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9062 and support 0.9057. In case the resistance level 0.9062 - 0.9062 is broken, the instrument is likely to follow the bullish trend.

The Double Top pattern has been formed on USDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9057 is broken, the downward movement will continue.

According to the chart of M5, USDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9057 – 0.9057 and upper border 0.9061 – 0.9061. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on USDCHF M5. Characteristics: the upper boundary 0.9133; the lower boundary 0.9124; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.9124 with a possible movements towards the 0.9109 level.

According to the chart of M5, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9211 - 0.0000 and support 0.9204 – 0.9204. In case the resistance level 0.9204 - 0.9204 is broken, the instrument is likely to follow the bearish trend.