FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Bearish Flag pattern has been formed on #MCD at D1. The lower boundary of the pattern is located at 305.71/313.25 while the upper boundary lies at 310.15/317.69. The projection of the flagpole is 2474 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 305.71 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the #MCD D1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 305.71; the projection of the flagpole height is equal to 2474 pips. In case the price breaks out the pattern’s bottom of 305.71, the downtrend is expected to continue for further level 305.31.

According to the chart of D1, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9758, the lower border is 0.9459. The signal means that a long position should be opened above the upper border 0.9758 of the Bullish Rectangle.

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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 EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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.