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
#MSFT
#MSFT M5
Triple Top
The Triple Top pattern has formed on the chart of the #MSFT M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6, support level -45, and pattern’s width 120. Forecast If the price breaks through the support level 393.40, it is likely to move further down to 394.47.
#MSFT M5
Triple Top
On the chart of the #MSFT 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 389.78, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 464 points.
#MSFT M15
Bullish pennant
The Bullish pennant pattern is formed on the #MSFT M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 394.43, a further uptrend is possible.
#MSFT M5
Double Top
On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 372.80; the lower boundary 371.18; the width of the pattern 162 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 371.03 level.
#MSFT M5
Bullish pennant
The Bullish pennant signal – Trading instrument #MSFT M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 368.37, with the prospect of the next move being a projection of the flagpole height.
#MSFT M15
Double Bottom
The Double Bottom pattern has been formed on #MSFT M15. Characteristics: the support level 356.51; the resistance level 365.32; the width of the pattern 881 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 847 points.
#MSFT M30
Double Bottom
The Double Bottom pattern has been formed on #MSFT M30; the upper boundary is 365.32; the lower boundary is 356.85. The width of the pattern is 881 points. In case of a break of the upper boundary 365.32, 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.
#MSFT H1
Double Bottom
The Double Bottom pattern has been formed on #MSFT H1. 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 365.32 is broken. The further movements will rely on the width of the current pattern 881 points.
#MSFT M15
Bearish pennant
The Bearish pennant pattern has formed on the #MSFT M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 401.26 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.
#MSFT M30
Double Bottom
The Double Bottom pattern has been formed on #MSFT 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 407.90 is broken. The further movements will rely on the width of the current pattern 385 points.