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:
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#Bitcoin
EURCHF
EURGBP
EURJPY
EURUSD
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AUDCAD
AUDCHF
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#AAPL
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#EBAY
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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
#EBAY
#EBAY M5
Head and Shoulders
The #EBAY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 102.82, the Neckline and the upward angle are at 101.87/101.92. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #EBAY will go towards 101.77.
#EBAY M30
Bearish pennant
The Bearish pennant pattern has formed on the #EBAY M30 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 91.88, a trader will be able to successfully enter the sell position.
#EBAY H1
Bearish pennant
The Bearish pennant pattern has formed on the #EBAY H1 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 91.88, a trader will be able to successfully enter the sell position.
#EBAY M5
Double Bottom
The Double Bottom pattern has been formed on #EBAY M5. Characteristics: the support level 94.48; the resistance level 95.10; the width of the pattern 62 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 64 points.
#EBAY M5
Bearish Symmetrical Triangle
According to the chart of M5, #EBAY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 94.37 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -95 pips.
#EBAY M5
Bullish pennant
The Bullish pennant signal – Trading instrument #EBAY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 91.65, with the prospect of the next move being a projection of the flagpole height.
#EBAY M5
Bearish Rectangle
According to the chart of M5, #EBAY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 90.61 – 90.61 and upper border 91.60 – 91.60. In case the lower border is broken, the instrument is likely to follow the downward trend.
#EBAY M5
Bearish pennant
The Bearish pennant pattern has formed on the #EBAY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 90.54 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.
#EBAY M5
Double Bottom
The Double Bottom pattern has been formed on #EBAY 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 92.16 is broken. The further movements will rely on the width of the current pattern 147 points.
#EBAY M5
Double Bottom
The Double Bottom pattern has been formed on #EBAY 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 94.25 is broken. The further movements will rely on the width of the current pattern 373 points.