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

The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9178; the lower boundary is 0.9172. The width of the pattern is 6 points. In case of a break of the upper boundary 0.9178, 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.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9193 is likely to encourage a continuation of the downward trend.

The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9248; the lower boundary 0.9235; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 0.9235 with a possible movements towards the 0.9220 level.

The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9234 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on EURCHF M30. Characteristics: the upper boundary 0.9234; the lower boundary 0.9217; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 0.9217 with a possible movements towards the 0.9187 level.