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

The Double Top reversal pattern has been formed on #MA M5. Characteristics: the upper boundary 532.21; the lower boundary 529.75; the width of the pattern is 236 points. Sell trades are better to be opened below the lower boundary 529.75 with a possible movements towards the 529.60 level.

On the chart of the #MA D1 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 511.02, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 2307 points.

On the chart of the #MA D1 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 511.02, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 2307 points.

The Triple Bottom pattern has formed on the chart of #MA M5. Features of the pattern: The lower line of the pattern has coordinates 533.49 with the upper limit 533.49/531.16, the projection of the width is 328 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 530.21, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #MA M15. Characteristics: the support level 530.21; the resistance level 533.49; the width of the pattern 328 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 328 points.