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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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:
All
Buy
Sell
NZDJPY
NZDJPY M5
Bearish pennant
The Bearish pennant pattern has formed on the NZDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 92.59 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.
NZDJPY M30
Double Top
On the chart of NZDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 93.18; the lower boundary 92.44; the width of the pattern 74 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 92.14 level.
NZDJPY M5
Double Bottom
The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 92.71; the lower boundary is 92.59. The width of the pattern is 13 points. In case of a break of the upper boundary 92.71, 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.
NZDJPY M5
Bearish Rectangle
According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 92.81 - 0.00 and support 92.65 – 92.65. In case the resistance level 92.65 - 92.65 is broken, the instrument is likely to follow the bearish trend.
NZDJPY M5
Bearish Rectangle
According to the chart of M5, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 92.85, the lower border is 92.62. The signal means that a short position should be opened after fixing a price below the lower border 92.62 of the Bearish Rectangle.
NZDJPY M5
Triple Bottom
The Triple Bottom pattern has formed on the chart of the NZDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 92.85/92.75.
NZDJPY M5
Triple Top
The Triple Top pattern has formed on the chart of the NZDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -20, and pattern’s width 32. Forecast If the price breaks through the support level 92.96, it is likely to move further down to 93.13.
NZDJPY M5
Double Top
The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 93.28; the lower boundary 93.16; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 93.16 with a possible movements towards the 93.01 level.
NZDJPY M5
Double Top
The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 93.06 is broken, the downward movement will continue.
NZDJPY M5
Double Top
The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 92.88; the lower boundary 92.59; the width of the pattern is 30 points. Sell trades are better to be opened below the lower boundary 92.59 with a possible movements towards the 92.44 level.