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

According to the chart of H1, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 157.99/159.58 and upper border is 161.34/159.58. The pattern width is measured on the chart at -335 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 USDJPY breaches the lower border, the price could continue its move toward 159.18.

The Bullish pennant graphic pattern has formed on the #GOOG 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 345.55.

According to the chart of M30, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 157.99 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on #AMZN D1. 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 258.00 is broken. The further movements will rely on the width of the current pattern 3249 points.

The Double Bottom pattern has been formed on #Bitcoin 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 64003.34 is broken. The further movements will rely on the width of the current pattern 41741 points.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5687, the lower border is 0.5682. The signal means that a long position should be opened above the upper border 0.5687 of the Bullish Rectangle.

According to the chart of H1, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8235 and support 0.8214. In case the resistance level 0.8235 - 0.8235 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.1487; the lower boundary is 1.1481. The width of the pattern is 6 points. In case of a break of the upper boundary 1.1487, 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 M15, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5878 and support 0.5857. In case the resistance level 0.5878 - 0.5878 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M30, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5857 – 0.5857 and upper border 0.5878 – 0.5878. In case the upper border is broken, the instrument is likely to follow the upward trend.