FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Bullish Pennant
A Bullish Pennant continuation signal has formed on the USDCAD M5 chart. A long position may be considered above the pattern high at 1.3806, with the projected move based on the height of the flagpole.
Bullish Pennant
A Bullish Pennant continuation signal has formed on the USDCAD M15 chart. A long position may be considered above the pattern high at 1.3805, with the projected move based on the height of the flagpole.
REGISTER
on the forum for traders
AND EARN MONEY!
Register nowon the forum for traders
AND EARN MONEY!
Triple Top
The Triple Top pattern has formed on the chart of USDCAD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 1.3851 may confirm the bearish scenario. The projected peak-to-trough width is 4 points.
Double Bottom
The Double Bottom pattern has formed on the USDCAD H1 chart. Its upper boundary is at 1.3854, its lower boundary is at 1.3846, and its width is 7 points. A break above the upper boundary at 1.3854 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
Triple Top
The Triple Top reversal pattern has formed on the USDCAD M5 chart. Its upper boundary is at 1.3853/1.3852, its lower boundary is at 1.3848/1.3849, and its current width is 3 points. If the confirmation support at 1.3848 is broken, that width can be used to project the downward move.