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

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 105358.42; the resistance level 105551.46; the width of the pattern 19304 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 19310 points.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 105347.39; the resistance level 105744.30; the width of the pattern 39691 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 39300 points.

The Triple Top pattern has formed on the chart of the #Bitcoin M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 105222.82/105606.00 with the upper limit 105755.54/105870.76; the projection of the width is 53272 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 105222.82, the price is most likely to continue the downward movement.

The Triple Top pattern has formed on the chart of the #Bitcoin M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -11522, support level -38318, and pattern’s width 53272. Forecast If the price breaks through the support level 105222.82, it is likely to move further down to 105867.10.

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 105831.35; the lower boundary 105502.73; the width of the pattern 32862 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 105502.60 level.

The Double Top reversal pattern has been formed on #Bitcoin M30. Characteristics: the upper boundary 105283.16; the lower boundary 103816.55; the width of the pattern is 147353 points. Sell trades are better to be opened below the lower boundary 103816.55 with a possible movements towards the 103816.30 level.

On the chart of USDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3702; the lower boundary 1.3668; the width of the pattern 34 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3645 level.

According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 93.96/94.02 whereas the upper border goes across 94.07/94.02. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 94.25.

The Triple Bottom pattern has formed on the chart of the GBPAUD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0879/2.0852.

On the chart of the EURGBP 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 0.8419, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 5 points.