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

According to the chart of M5, GBPCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1423, the lower border is 1.1415. The signal means that a long position should be opened above the upper border 1.1423 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 149.86; the lower boundary 149.72; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 149.72 with a possible movements towards the 149.57 level.

The Bullish pennant signal – Trading instrument #GOOG H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 173.16, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on AUDJPY M15. Characteristics: the support level 94.30; the resistance level 94.46; the width of the pattern 16 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 14 points.

According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.8850/1.8834 whereas the lower border goes across 1.8816/1.8834. The pattern width is measured on the chart at 34 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.8834 is broken, the price could continue its move toward 1.8849.