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

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 60604.58 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -108813 pips.

According to the chart of M15, #AAPL formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 182.99, the lower border is 181.28. The signal means that a short position should be opened after fixing a price below the lower border 181.28 of the Bearish Rectangle.

The Double Bottom pattern has been formed on GBPAUD M5. 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 1.8975 is broken. The further movements will rely on the width of the current pattern 55 points.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.2436/1.2470 whereas the upper border goes across 1.2496/1.2470. 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 GBPUSD will breach the upper border to head for 1.2485.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 27.62; the lower boundary 27.50; the width of the pattern 130 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 27.48 level.

The Triple Bottom pattern has formed on the chart of GBPUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.2478 with the upper limit 1.2478/1.2477, the projection of the width is 8 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.2470, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on EURCAD M5. 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 1.4737 is broken. The further movements will rely on the width of the current pattern 8 points.

The Double Bottom pattern has been formed on EURUSD M5. 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 1.0731 is broken. The further movements will rely on the width of the current pattern 6 points.

On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5981; the lower boundary 0.5964; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5949 level.

The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 2319.30; the lower boundary is 2307.08. The width of the pattern is 1189 points. In case of a break of the upper boundary 2319.30, 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.