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

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 160.97 is broken. The further movements will rely on the width of the current pattern 15 points.

According to the chart of M30, EURJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 159.21 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of the EURJPY M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 160.57/160.36.

According to the chart of M5, EURJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 159.93 while the median line of the Neck is set at 160.09/160.08. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of EURJPY will go towards 160.23.

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 159.95 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -21 pips.