FX.co - Actual patterns. Instrument: #FB: 30

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

H1

D1

Signal strength:

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High

Medium

Low

Signal direction:

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Buy

Sell

#FB

#FB M5

The Double Bottom pattern has been formed on #FB M5. Characteristics: the support level 512.00; the resistance level 517.43; the width of the pattern 543 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 519 points.

2024-04-12T17:20:07

#FB M15

Bearish pennant

The Bearish pennant pattern has formed on the #FB M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 512.00, a trader will be able to successfully enter the sell position.

2024-04-12T16:15:34

#FB M5

Bullish Rectangle

According to the chart of M5, #FB formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 520.88 and support 517.66. In case the resistance level 520.88 - 520.88 is broken, the instrument is likely to follow the bullish trend.

2024-04-10T17:19:53

#FB M5

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 522.04; the lower boundary is 519.64. The width of the pattern is 259 points. In case of a break of the upper boundary 522.04, 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.

2024-04-08T18:55:18

#FB M5

Bearish Symmetrical Triangle

According to the chart of M5, #FB formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 514.51 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -2049 pips.

2024-04-05T18:57:47

#FB M30

The Double Top reversal pattern has been formed on #FB M30. Characteristics: the upper boundary 529.92; the lower boundary 514.51; the width of the pattern is 1609 points. Sell trades are better to be opened below the lower boundary 514.51 with a possible movements towards the 514.21 level.

2024-04-05T18:00:09

#FB M15

On the chart of #FB M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 530.60; the lower boundary 514.51; the width of the pattern 1609 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 514.28 level.

2024-04-05T17:00:18

#FB M5

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 530.60; the lower boundary 514.51; the width of the pattern 1609 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 514.36 level.

2024-04-05T16:40:07

#FB M15

Bullish pennant

The Bullish pennant signal – Trading instrument #FB M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 523.75, with the prospect of the next move being a projection of the flagpole height.

2024-04-04T15:29:58

#FB M5

The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 506.99; the lower boundary 505.35; the width of the pattern is 145 points. Sell trades are better to be opened below the lower boundary 505.35 with a possible movements towards the 505.20 level.

2024-04-03T15:55:26