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

Technical Analysis Patterns
There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.
Instrument:
All
#Bitcoin
EURCHF
EURGBP
EURJPY
EURUSD
EURCAD
EURRUB
EURNZD
USDCAD
USDCHF
USDJPY
USDRUB
NZDCAD
NZDUSD
NZDCHF
NZDJPY
AUDCAD
AUDCHF
AUDJPY
AUDUSD
GBPUSD
GBPJPY
GBPAUD
GBPCHF
GOLD
SILVER
#AAPL
#AMZN
#EBAY
#FB
#GOOG
#MCD
#MA
#KO
#INTC
#MSFT
#NTDOY
#PEP
#TSLA
#TWTR
Figure:
All
Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
All
M5
M15
M30
H1
D1
Signal strength:
All
High
Medium
Low
Signal direction:
All
Buy
Sell
GBPUSD H1
Triple Bottom
The Triple Bottom pattern has formed on the chart of the GBPUSD H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.3375/1.3331.
AUDCHF M15
Double Bottom
The Double Bottom pattern has been formed on AUDCHF M15. Characteristics: the support level 0.5170; the resistance level 0.5177; the width of the pattern 7 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 7 points.
NZDCAD M15
Bullish Rectangle
According to the chart of M15, NZDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8049, the lower border is 0.8038. The signal means that a long position should be opened above the upper border 0.8049 of the Bullish Rectangle.
AUDJPY M30
Double Top
The Double Top reversal pattern has been formed on AUDJPY M30. Characteristics: the upper boundary 99.49; the lower boundary 99.25; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 99.25 with a possible movements towards the 98.95 level.
AUDUSD M30
Triple Top
The Triple Top pattern has formed on the chart of the AUDUSD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6506/0.6507 with the upper limit 0.6518/0.6518; the projection of the width is 12 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 0.6506, the price is most likely to continue the downward movement.
AUDCHF M15
Double Bottom
The Double Bottom pattern has been formed on AUDCHF M15. Characteristics: the support level 0.5176; the resistance level 0.5181; the width of the pattern 5 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 5 points.
GBPCHF M15
Triple Bottom
The Triple Bottom pattern has formed on the chart of GBPCHF M15. Features of the pattern: The lower line of the pattern has coordinates 1.0599 with the upper limit 1.0599/1.0596, the projection of the width is 11 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 1.0588, the price is most likely to continue the upward movement.
GBPJPY M5
Bearish Symmetrical Triangle
According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 203.21/203.27 and upper border is 203.35/203.27. The pattern width is measured on the chart at -14 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 GBPJPY breaches the lower border, the price could continue its move toward 203.12.
GBPJPY M5
Bearish Symmetrical Triangle
According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 203.21 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -13 pips.
GBPCHF M30
Double Bottom
The Double Bottom pattern has been formed on GBPCHF M30. 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 1.0595 is broken. The further movements will rely on the width of the current pattern 7 points.