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

The Triple Top pattern has formed on the chart of the EURUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -4, and pattern’s width 9. Forecast If the price breaks through the support level 1.1790, it is likely to move further down to 1.1783.

According to the chart of M15, EURUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1807, the lower border is 1.1792. The signal means that a long position should be opened above the upper border 1.1807 of the Bullish Rectangle.

According to the chart of M5, EURUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1807 and support 1.1792. In case the resistance level 1.1807 - 1.1807 is broken, the instrument is likely to follow the bullish trend.

The Double Top reversal pattern has been formed on EURUSD M15. Characteristics: the upper boundary 1.1805; the lower boundary 1.1792; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 1.1792 with a possible movements towards the 1.1769 level.

On the chart of the EURUSD M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.1753, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 points.