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

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 92.10 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the GBPCHF M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0461; the projection of the flagpole height is equal to 18 pips. In case the price breaks out the pattern’s bottom of 1.0461, the downtrend is expected to continue for further level 1.0431.

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 208.14; the lower boundary is 208.03. The width of the pattern is 11 points. In case of a break of the upper boundary 208.14, 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 GBPJPY 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 208.19 is broken. The further movements will rely on the width of the current pattern 17 points.

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 208.25; the resistance level 208.42; the width of the pattern 17 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 18 points.