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

The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1535 is broken, the downward movement will continue.

The Double Top pattern has been formed on EURCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6169 is broken, the downward movement will continue.

The Double Top pattern has been formed on AUDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.7040 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the GBPJPY H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 211.68 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bearish pennant pattern has formed on the GBPJPY M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 211.70, a trader will be able to successfully enter the sell position.