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

The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 64162.16; the lower boundary 64072.80; the width of the pattern is 9877 points. Sell trades are better to be opened below the lower boundary 64072.80 with a possible movements towards the 64072.65 level.

The #Bitcoin M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 64694.74, the Neckline and the upward angle are at 63804.79/63734.38. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #Bitcoin will go towards 63734.08.

According to the chart of M15, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.9257 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -14 pips.

The Double Top reversal pattern has been formed on USDCHF M5. Characteristics: the upper boundary 0.8087; the lower boundary 0.8084; the width of the pattern is 3 points. Sell trades are better to be opened below the lower boundary 0.8084 with a possible movements towards the 0.8069 level.

The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0815 is broken, the downward movement will continue.