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

According to the chart of M30, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1401/1.1385 whereas the lower border goes across 1.1372/1.1385. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1385 is broken, the price could continue its move toward 1.1415.

On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1373; the lower boundary 1.1363; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1348 level.

The Triple Bottom pattern has formed on the chart of the EURUSD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.1385/1.1370.

The Double Bottom pattern has been formed on EURUSD M30. 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 1.1418 is broken. The further movements will rely on the width of the current pattern 51 points.

The Triple Bottom pattern has formed on the chart of the EURUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.1403/1.1401.

According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1402 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -10 pips.

The Double Bottom pattern has been formed on EURUSD H1. Characteristics: the support level 1.1424; the resistance level 1.1442; the width of the pattern 18 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 19 points.

The Double Bottom pattern has been formed on EURUSD M30; the upper boundary is 1.1444; the lower boundary is 1.1423. The width of the pattern is 20 points. In case of a break of the upper boundary 1.1444, 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, EURUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.1418/1.1438 whereas the upper border goes across 1.1452/1.1438. 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 EURUSD will breach the upper border to head for 1.1460.

The Double Bottom pattern has been formed on EURUSD M15; the upper boundary is 1.1436; the lower boundary is 1.1424. The width of the pattern is 12 points. In case of a break of the upper boundary 1.1436, 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.