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

According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.5698 is likely to encourage a continuation of the downward trend.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 161.95 and 161.75 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 20 pips. Outlook: If the upper border 161.95 is broken, the price is likely to continue its move by 162.01.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8182/0.8188 and upper border is 0.8195/0.8188. The pattern width is measured on the chart at -13 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 USDCHF breaches the lower border, the price could continue its move toward 0.8173.

According to the chart of M5, USDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8194, the lower border is 0.8182. The signal means that a short position should be opened after fixing a price below the lower border 0.8182 of the Bearish Rectangle.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 83699.27/84872.69 and upper border is 85969.60/84872.69. The pattern width is measured on the chart at -227033 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 #Bitcoin breaches the lower border, the price could continue its move toward 84872.54.

The Triple Bottom pattern has formed on the chart of the GBPAUD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0785/2.0762.

The Triple Top pattern has formed on the chart of the AUDUSD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -21, and pattern’s width 26. Forecast If the price breaks through the support level 0.6366, it is likely to move further down to 0.6371.

The Double Bottom pattern has been formed on USDCHF 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 0.8194 is broken. The further movements will rely on the width of the current pattern 12 points.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 83699.27 is likely to encourage a continuation of the downward trend.

According to the chart of M15, #NTDOY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 18.09, the lower border is 18.00. The signal means that a long position should be opened above the upper border 18.09 of the Bullish Rectangle.