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

The Bearish Pennant pattern has formed on the EURCAD H1 chart. A break below the pennant low at 1.6035 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Bearish Pennant pattern has formed on the EURCAD H1 chart. A break below the pennant low at 1.6035 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Head and Shoulders pattern has formed on the EURCAD M5 chart. The head high is at 1.6089, while the neckline passes through 1.6074/1.6075. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Double Top reversal pattern has formed on the EURCAD H1 chart. Its upper boundary is at 1.6192, its lower boundary is at 1.6177, and its width is 14 points. A short position may be considered below the lower boundary at 1.6177, with a potential target at 1.6137.

The Triple Top pattern has formed on the chart of EURCAD M30 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 1.6169 may confirm the bearish scenario. The projected peak-to-trough width is 15 points.