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

Technical Analysis Patterns
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.
Instrument:
1 selected
#Bitcoin
EURCHF
EURGBP
EURJPY
EURUSD
EURCAD
EURRUB
EURNZD
USDCAD
USDCHF
USDJPY
USDRUB
NZDCAD
NZDUSD
NZDCHF
NZDJPY
AUDCAD
AUDCHF
AUDJPY
AUDUSD
GBPUSD
GBPJPY
GBPAUD
GBPCHF
GOLD
SILVER
#AAPL
#AMZN
#EBAY
#FB
#GOOG
#MCD
#MA
#KO
#INTC
#MSFT
#NTDOY
#PEP
#TSLA
#TWTR
Figure:
All
Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
All
M5
M15
M30
H1
D1
Signal strength:
All
High
Medium
Low
Signal direction:
All
Buy
Sell
GOLD
GOLD M5
Triple Top
On the chart of the GOLD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 4078.86, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 793 points.
GOLD D1
Double Bottom
The Double Bottom pattern has been formed on GOLD 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 4202.52 is broken. The further movements will rely on the width of the current pattern 25942 points.
GOLD M5
Bearish pennant
The Bearish pennant pattern has formed on the GOLD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 3994.49 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
GOLD M5
Double Bottom
The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 4006.11; the resistance level 4015.20; the width of the pattern 909 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 865 points.
GOLD M5
Double Bottom
The Double Bottom pattern has been formed on GOLD 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 4030.98 is broken. The further movements will rely on the width of the current pattern 848 points.
GOLD M15
Double Bottom
The Double Bottom pattern has been formed on GOLD 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 4037.43 is broken. The further movements will rely on the width of the current pattern 1363 points.
GOLD M5
Double Bottom
The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 4073.60; the lower boundary is 4026.46. The width of the pattern is 4853 points. In case of a break of the upper boundary 4073.60, 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.
GOLD M5
Triple Bottom
The Triple Bottom pattern has been formed on GOLD M5. It has the following characteristics: resistance level 4041.44/4035.22; support level 4028.73/4027.78; the width is 1271 points. In the event of a breakdown of the resistance level of 4041.44, the price is likely to continue an upward movement at least to 4027.75.
GOLD M5
Double Bottom
The Double Bottom pattern has been formed on GOLD 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 4023.93 is broken. The further movements will rely on the width of the current pattern 1056 points.
GOLD H1
Double Bottom
The Double Bottom pattern has been formed on GOLD H1. Characteristics: the support level 3986.15; the resistance level 4006.16; the width of the pattern 2001 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 2306 points.