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

According to the chart of M5, #FB formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 575.31 and 572.96 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 235 pips. Outlook: If the upper border 575.31 is broken, the price is likely to continue its move by 574.23.

According to the chart of H1, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 572.55, the lower border is 549.10. The signal means that a short position should be opened after fixing a price below the lower border 549.10 of the Bearish Rectangle.

According to the chart of H1, #FB formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 572.55 - 0.00 and support 549.10 – 549.10. In case the resistance level 549.10 - 549.10 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on #FB H1; the upper boundary is 559.81; the lower boundary is 550.75. The width of the pattern is 972 points. In case of a break of the upper boundary 559.81, 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.

The Double Top reversal pattern has been formed on #FB D1. Characteristics: the upper boundary 600.45; the lower boundary 555.23; the width of the pattern is 4427 points. Sell trades are better to be opened below the lower boundary 555.23 with a possible movements towards the 554.83 level.

According to the chart of M5, #FB formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 550.09/554.86 and upper border is 561.51/554.86. The pattern width is measured on the chart at -1142 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 #FB breaches the lower border, the price could continue its move toward 554.71.

On the chart of #FB D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 599.50; the lower boundary 555.23; the width of the pattern 4427 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 554.83 level.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 557.20; the lower boundary is 552.03. The width of the pattern is 517 points. In case of a break of the upper boundary 557.20, 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.

According to the chart of D1, #FB formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 602.98, the lower border is 555.23. The signal means that a long position should be opened above the upper border 602.98 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on #FB D1. Characteristics: the upper boundary 600.45; the lower boundary 555.23; the width of the pattern is 4427 points. Sell trades are better to be opened below the lower boundary 555.23 with a possible movements towards the 554.83 level.