FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Double Bottom
The Double Bottom pattern has formed on the USDJPY M5 chart. Its support is at 157.62, its resistance is at 157.69, and its width is 7 points. A break above resistance may confirm a trend reversal, with the first target projected 6 points away.
Double Top
The Double Top reversal pattern has formed on the USDJPY M15 chart. Its upper boundary is at 158.00, its lower boundary is at 157.88, and its width is 12 points. A break below the lower boundary is likely to confirm further downward movement toward 157.65.
REGISTER
on the forum for traders
AND EARN MONEY!
Register nowon the forum for traders
AND EARN MONEY!
Bullish Rectangle
The Bullish Rectangle has formed on the USDJPY M5 chart. This is a trend continuation pattern bounded by the lower boundary at 157.72–157.72 and the upper boundary at 157.84–157.84. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
Double Top
The Double Top pattern has formed on the USDJPY M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 157.73 is likely to confirm further downward movement.
Double Top
The Double Top reversal pattern has formed on the USDJPY M15 chart. Its upper boundary is at 157.65, its lower boundary is at 157.28, and its width is 37 points. A short position may be considered below the lower boundary at 157.28, with a potential target at 157.05.