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

According to the chart of M5, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 164.76, the lower border is 164.52. The signal means that a short position should be opened after fixing a price below the lower border 164.52 of the Bearish Rectangle.

The Double Bottom pattern has been formed on EURJPY M15; the upper boundary is 164.73; the lower boundary is 164.52. The width of the pattern is 20 points. In case of a break of the upper boundary 164.73, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on EURJPY M5. 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 164.73 is broken. The further movements will rely on the width of the current pattern 20 points.

The Triple Bottom pattern has formed on the chart of the EURJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 164.49/164.37.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 163.64/163.51 whereas the lower border goes across 163.34/163.51. The pattern width is measured on the chart at 30 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 163.51 is broken, the price could continue its move toward 163.66.