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

The Triple Bottom pattern has formed on the chart of the #MCD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 271.58/271.17.

The Double Bottom pattern has been formed on EURJPY M15. 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 184.70 is broken. The further movements will rely on the width of the current pattern 34 points.

According to the chart of M5, #AMZN formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 234.99, the lower border is 232.19. The signal means that a short position should be opened after fixing a price below the lower border 232.19 of the Bearish Rectangle.

The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 270.54; the resistance level 271.58; the width of the pattern 104 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 112 points.

The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 184.70; the lower boundary is 184.36. The width of the pattern is 34 points. In case of a break of the upper boundary 184.70, 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.