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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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EURCHF
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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
EURUSD
EURUSD M30
Double Top
The Double Top reversal pattern has been formed on EURUSD M30. Characteristics: the upper boundary 1.1810; the lower boundary 1.1786; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 1.1786 with a possible movements towards the 1.1756 level.
EURUSD M15
Double Bottom
The Double Bottom pattern has been formed on EURUSD 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 1.1810 is broken. The further movements will rely on the width of the current pattern 23 points.
EURUSD M5
Bullish Flag
The Bullish Flag pattern has been formed on the chart EURUSD M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.1801 may push the price higher, and the rise will be the projection of the pole.
EURUSD M5
Bullish pennant
The Bullish pennant graphic pattern has formed on the EURUSD M5 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 1.1816.
EURUSD M5
Double Bottom
The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.1769; the resistance level 1.1779; the width of the pattern 10 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 9 points.
EURUSD M5
Double Top
The Double Top pattern has been formed on EURUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1779 is broken, the downward movement will continue.
EURUSD M5
Bullish Symmetrical Triangle
According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1738 and 1.1712 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 26 pips. Outlook: If the upper border 1.1738 is broken, the price is likely to continue its move by 1.1740.
EURUSD H1
Bullish Rectangle
According to the chart of H1, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.1680 – 1.1680 and upper border 1.1753 – 1.1753. In case the upper border is broken, the instrument is likely to follow the upward trend.
EURUSD M5
Double Top
On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1731; the lower boundary 1.1688; the width of the pattern 43 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1673 level.
EURUSD M5
Double Top
On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1726; the lower boundary 1.1707; the width of the pattern 19 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1692 level.