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

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURJPY M5. Forecast: if the price breaks above the pattern high at 162.40, then traders will be able to place a long deal with the target at 162.55.

The Bullish pennant graphic pattern has formed on the EURJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 162.55.

According to the chart of H1, EURJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 162.43, the lower border is 161.81. The signal means that a long position should be opened above the upper border 162.43 of the Bullish Rectangle.

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 161.83 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -36 pips.

According to the chart of M30, EURJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 162.43, the lower border is 161.81. The signal means that a long position should be opened above the upper border 162.43 of the Bullish Rectangle.

The Triple Bottom pattern has formed on the chart of EURJPY M15. Features of the pattern: The lower line of the pattern has coordinates 162.36 with the upper limit 162.36/162.13, the projection of the width is 49 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 161.87, the price is most likely to continue the upward movement.

The Triple Top pattern has formed on the chart of the EURJPY M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 161.15/161.87 with the upper limit 162.40/162.36; the projection of the width is 125 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 161.15, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on EURJPY M30. Characteristics: the upper boundary 162.40; the lower boundary 161.15; the width of the pattern is 128 points. Sell trades are better to be opened below the lower boundary 161.15 with a possible movements towards the 160.85 level.

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.15/161.86 and upper border is 162.37/161.86. The pattern width is measured on the chart at -122 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURJPY breaches the lower border, the price could continue its move toward 161.71.

The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 161.33 is broken, the downward movement will continue.