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

According to the chart of M15, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 159.36/158.97 whereas the lower border goes across 158.68/158.97. The pattern width is measured on the chart at 68 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 158.97 is broken, the price could continue its move toward 159.20.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3448/1.3434 whereas the lower border goes across 1.3413/1.3434. The pattern width is measured on the chart at 35 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3434 is broken, the price could continue its move toward 1.3449.

According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 213.25/213.54 and upper border is 213.96/213.54. The pattern width is measured on the chart at -71 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 213.39.

According to the chart of M5, #AAPL formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 305.04 and support 304.21. In case the resistance level 305.04 - 305.04 is broken, the instrument is likely to follow the bullish trend.

The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3434 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on #EBAY M30. Characteristics: the upper boundary 118.89; the lower boundary 116.17; the width of the pattern is 268 points. Sell trades are better to be opened below the lower boundary 116.17 with a possible movements towards the 115.87 level.

On the chart of the #EBAY M15 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 116.17, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 272 points.

According to the chart of M30, #MSFT formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 432.72 and 407.31 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 2541 pips. Outlook: If the upper border 432.72 is broken, the price is likely to continue its move by 421.71.

The Bullish pennant pattern is formed on the AUDCHF M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5633, a further uptrend is possible.

The Double Bottom pattern has been formed on EURNZD M15. 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 1.9791 is broken. The further movements will rely on the width of the current pattern 22 points.