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

The Triple Bottom pattern has formed on the chart of the EURUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.1533/1.1526.

The Bearish Flag pattern has been formed on EURUSD at M15. The lower boundary of the pattern is located at 1.1517/1.1531 while the upper boundary lies at 1.1533/1.1547. The projection of the flagpole is 43 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.1517 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the EURUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.1517; the projection of the flagpole height is equal to 43 pips. In case the price breaks out the pattern’s bottom of 1.1517, the downtrend is expected to continue for further level 1.1494.

The Bearish Flag pattern has been formed on EURUSD at M5. The lower boundary of the pattern is located at 1.1577/1.1583 while the upper boundary lies at 1.1583/1.1589. The projection of the flagpole is 21 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.1577 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the EURUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.1577; the projection of the flagpole height is equal to 21 pips. In case the price breaks out the pattern’s bottom of 1.1577, the downtrend is expected to continue for further level 1.1562.