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:
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#Bitcoin
EURCHF
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AUDCAD
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#AAPL
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#FB
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Figure:
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Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
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M5
M15
M30
H1
D1
Signal strength:
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High
Medium
Low
Signal direction:
All
Buy
Sell
#FB
#FB M15
Double Top
On the chart of #FB M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 531.20; the lower boundary 527.14; the width of the pattern 406 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 526.91 level.
#FB M5
Triple Top
On the chart of the #FB M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 527.14, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 449 points.
#FB M5
Double Bottom
The Double Bottom pattern has been formed on #FB M5. 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 523.77 is broken. The further movements will rely on the width of the current pattern 721 points.
#FB D1
Double Bottom
The Double Bottom pattern has been formed on #FB D1. Characteristics: the support level 482.05; the resistance level 587.72; the width of the pattern 10567 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 10777 points.
#FB M15
Inverse Head and Shoulder
According to the chart of M15, #FB formed the Inverse Head and Shoulder pattern. The Head’s top is set at 485.03 while the median line of the Neck is found at 479.95/482.45. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #FB will go towards 485.26
#FB H1
Bearish pennant
The Bearish pennant pattern has formed on the #FB H1 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 479.95, a trader will be able to successfully enter the sell position.
#FB M5
Double Bottom
The Double Bottom pattern has been formed on #FB M5; the upper boundary is 484.65; the lower boundary is 481.90. The width of the pattern is 263 points. In case of a break of the upper boundary 484.65, 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.
#FB M5
Bearish pennant
The Bearish pennant pattern has formed on the #FB M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 507.03 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
#FB M15
Double Bottom
The Double Bottom pattern has been formed on #FB M15. Characteristics: the support level 529.17; the resistance level 557.42; the width of the pattern 2825 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 2905 points.
#FB M5
Bearish Rectangle
According to the chart of M5, #FB formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 529.17 – 529.17 and upper border 540.39 – 540.39. In case the lower border is broken, the instrument is likely to follow the downward trend.