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

According to the chart of H1, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4590 - 0.0000 and support 0.4573 – 0.4573. In case the resistance level 0.4573 - 0.4573 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4573 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -18 pips.

The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0152 is broken, the downward movement will continue.

The Bullish pennant signal – Trading instrument #TSLA H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 484.09, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4623/0.4617 whereas the lower border goes across 0.4612/0.4617. The pattern width is measured on the chart at 11 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4617 is broken, the price could continue its move toward 0.4632.