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

According to the chart of M15, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.4611 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -18 pips.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURCAD M5. Forecast: if the price breaks above the pattern high at 1.4690, then traders will be able to place a long deal with the target at 1.4705.

The Bullish pennant pattern is formed on the EURCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.4690, a further uptrend is possible.

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.4678 and 1.4656 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 22 pips. Outlook: If the upper border 1.4678 is broken, the price is likely to continue its move by 1.4684.

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.4671/1.4661 whereas the lower border goes across 1.4652/1.4661. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.4661 is broken, the price could continue its move toward 1.4676.