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

The Double Bottom pattern has been formed on USDCAD M15; the upper boundary is 1.3864; the lower boundary is 1.3851. The width of the pattern is 15 points. In case of a break of the upper boundary 1.3864, 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.

The Double Bottom pattern has been formed on USDCAD 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 1.3853 is broken. The further movements will rely on the width of the current pattern 14 points.

According to the chart of M5, USDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.3839 – 1.3839 and upper border 1.3853 – 1.3853. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Bottom pattern has formed on the chart of the USDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.3853/1.3849.

The Double Bottom pattern has been formed on USDCAD M5; the upper boundary is 1.3853; the lower boundary is 1.3839. The width of the pattern is 14 points. In case of a break of the upper boundary 1.3853, 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.