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

The Bearish Flag pattern has been formed on #MCD at D1. The lower boundary of the pattern is located at 305.71/313.25 while the upper boundary lies at 310.15/317.69. The projection of the flagpole is 2474 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 305.71 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the #MCD D1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 305.71; the projection of the flagpole height is equal to 2474 pips. In case the price breaks out the pattern’s bottom of 305.71, the downtrend is expected to continue for further level 305.31.

According to the chart of D1, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9758, the lower border is 0.9459. The signal means that a long position should be opened above the upper border 0.9758 of the Bullish Rectangle.

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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.

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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.

According to the chart of H1, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.9166 - 0.0000 and support 1.9124 – 1.9124. In case the resistance level 1.9124 - 1.9124 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.9166 - 0.0000 and support 1.9125 – 1.9125. In case the resistance level 1.9125 - 1.9125 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3948/1.3944 whereas the lower border goes across 1.3938/1.3944. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3944 is broken, the price could continue its move toward 1.3959.

According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8731/0.8728 whereas the lower border goes across 0.8725/0.8728. The pattern width is measured on the chart at 6 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8728 is broken, the price could continue its move toward 0.8743.

The Double Top reversal pattern has been formed on USDCHF M15. Characteristics: the upper boundary 0.8012; the lower boundary 0.8004; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.8004 with a possible movements towards the 0.7982 level.