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:
1 selected
#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
#MSFT
#MSFT M5
Head and Shoulders
According to the chart of M5, #MSFT formed the Head and Shoulders pattern. The Head’s top is set at 491.60 while the median line of the Neck is found at 487.66/488.26. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #MSFT will go towards 488.11.
#MSFT M5
Triple Top
On the chart of the #MSFT 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 481.64, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 962 points.
#MSFT M15
Bullish pennant
The Bullish pennant graphic pattern has formed on the #MSFT M15 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 491.48.
#MSFT M5
Head and Shoulders
The #MSFT M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 462.86, the Neckline and the upward angle are at 450.41/452.11. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #MSFT will go towards 451.96.
#MSFT M15
Bullish pennant
The Bullish pennant graphic pattern has formed on the #MSFT M15 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 452.36.
#MSFT M30
Bullish pennant
The Bullish pennant graphic pattern has formed on the #MSFT M30 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 452.44.
#MSFT M5
Double Top
The Double Top reversal pattern has been formed on #MSFT M5. Characteristics: the upper boundary 451.66; the lower boundary 445.29; the width of the pattern is 685 points. Sell trades are better to be opened below the lower boundary 445.29 with a possible movements towards the 445.14 level.
#MSFT M5
Bullish pennant
The Bullish pennant signal – Trading instrument #MSFT M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 455.90, with the prospect of the next move being a projection of the flagpole height.
#MSFT M5
Double Top
On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 398.90; the lower boundary 398.03; the width of the pattern 87 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 397.88 level.
#MSFT M5
Double Top
The Double Top reversal pattern has been formed on #MSFT M5. Characteristics: the upper boundary 400.16; the lower boundary 391.35; the width of the pattern is 895 points. Sell trades are better to be opened below the lower boundary 391.35 with a possible movements towards the 391.20 level.