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

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:

所有

#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:

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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

#Bitcoin M5

Bearish Symmetrical Triangle

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 66671.19 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -29178 pips.

2024-05-18T16:00:20

#Bitcoin H1

On the chart of #Bitcoin H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 67472.69; the lower boundary 66754.20; the width of the pattern 71849 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 66753.80 level.

2024-05-18T14:00:07

#Bitcoin M30

The Double Top reversal pattern has been formed on #Bitcoin M30. Characteristics: the upper boundary 67511.91; the lower boundary 66754.20; the width of the pattern is 71849 points. Sell trades are better to be opened below the lower boundary 66754.20 with a possible movements towards the 66753.90 level.

2024-05-18T13:30:36

#GOOG M5

The Double Top reversal pattern has been formed on #GOOG M5. Characteristics: the upper boundary 177.38; the lower boundary 176.23; the width of the pattern is 111 points. Sell trades are better to be opened below the lower boundary 176.23 with a possible movements towards the 176.08 level.

2024-05-18T11:34:15

EURNZD M5

The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.7715; the lower boundary is 1.7708. The width of the pattern is 7 points. In case of a break of the upper boundary 1.7715, 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.

2024-05-17T20:45:35

EURNZD M30

The Bearish Flag pattern has been formed on EURNZD at M30. The lower boundary of the pattern is located at 1.7704/1.7714 while the upper boundary lies at 1.7714/1.7724. The projection of the flagpole is 28 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.7704 is broken, the price will move further downwards.

2024-05-17T20:35:25

EURNZD M30

Bearish pennant

The Bearish pennant pattern has formed on the EURNZD 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 1.7704, a trader will be able to successfully enter the sell position.

2024-05-17T20:35:20

#Bitcoin M5

Bearish Symmetrical Triangle

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 65824.90 is likely to encourage a continuation of the downward trend.

2024-05-17T20:08:22

GBPUSD M15

On the chart of GBPUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.2709; the lower boundary 1.2700; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.2678 level.

2024-05-17T20:00:29

#MCD M5

Inverse Head and Shoulder

According to the chart of M5, #MCD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 270.94 while the median line of the Neck is set at 272.03/272.06. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #MCD will go towards 272.21.

2024-05-17T19:55:28