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

The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1392; the lower boundary 1.1375; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 1.1375 with a possible movements towards the 1.1360 level.

The Triple Bottom pattern has formed on the chart of EURUSD H1. Features of the pattern: The lower line of the pattern has coordinates 1.1439 with the upper limit 1.1439/1.1357, the projection of the width is 131 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.1308, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1357; the lower boundary 1.1346; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 1.1346 with a possible movements towards the 1.1331 level.

According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1310 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -41 pips.

The Double Bottom pattern has been formed on EURUSD H1; the upper boundary is 1.1439; the lower boundary is 1.1310. The width of the pattern is 131 points. In case of a break of the upper boundary 1.1439, 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.