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

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.
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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
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Signal strength:
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Signal direction:
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USDJPY

USDJPY M5

Inverse Head and Shoulder
According to M5, USDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 151.36/151.36 is broken out, the instrument is likely to move toward 151.51.
2024-03-29T11:45:17

USDJPY M15

Bullish Symmetrical Triangle
According to the chart of M15, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 151.21/151.36 whereas the upper border goes across 151.51/151.36. 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 USDJPY will breach the upper border to head for 151.59.
2024-03-29T11:15:33

USDJPY M5

Double Bottom
The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 151.37; the lower boundary is 151.33. The width of the pattern is 4 points. In case of a break of the upper boundary 151.37, 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.
2024-03-29T10:17:01

USDJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 151.51 and 151.19 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 32 pips. Outlook: If the upper border 151.51 is broken, the price is likely to continue its move by 151.48.
2024-03-29T02:35:21

USDJPY M5

Double Top
The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 151.38; the lower boundary 151.25; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 151.25 with a possible movements towards the 151.10 level.
2024-03-28T17:40:25

USDJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 151.17/151.28 and upper border is 151.36/151.28. The pattern width is measured on the chart at -19 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 151.13.
2024-03-28T14:41:44

USDJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 151.55/151.39 whereas the lower border goes across 151.26/151.39. 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 151.39 is broken, the price could continue its move toward 151.54.
2024-03-28T08:55:12

USDJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 151.24/151.32 and upper border is 151.43/151.32. The pattern width is measured on the chart at -19 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 151.17.
2024-03-28T00:29:53

USDJPY M5

Bearish Rectangle
According to the chart of M5, USDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 151.26 - 0.00 and support 151.04 – 151.04. In case the resistance level 151.04 - 151.04 is broken, the instrument is likely to follow the bearish trend.
2024-03-27T12:07:39

USDJPY M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 151.45 with the upper limit 151.45/151.23, the projection of the width is 34 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 151.11, the price is most likely to continue the upward movement.
2024-03-27T11:40:07