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
EURUSD
EURUSD M15
Double Top
The Double Top reversal pattern has been formed on EURUSD M15. Characteristics: the upper boundary 1.0527; the lower boundary 1.0506; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 1.0506 with a possible movements towards the 1.0483 level.
EURUSD M15
Double Top
On the chart of EURUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0529; the lower boundary 1.0516; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0494 level.
EURUSD M5
Double Top
The Double Top pattern has been formed on EURUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0516 is broken, the downward movement will continue.
EURUSD M15
Bearish Symmetrical Triangle
According to the chart of M15, EURUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0460 is likely to encourage a continuation of the downward trend.
EURUSD M5
Double Bottom
The Double Bottom pattern has been formed on EURUSD 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 1.0512 is broken. The further movements will rely on the width of the current pattern 16 points.
EURUSD M15
Bearish Flag
The Bearish Flag pattern has been formed on the chart EURUSD M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 1.0525, traders should enter the market.
EURUSD M15
Bearish pennant
The Bearish pennant pattern has formed on the EURUSD M15 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 1.0525, a trader will be able to successfully enter the sell position.
EURUSD M15
Bearish Rectangle
According to the chart of M15, EURUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0568 - 0.0000 and support 1.0545 – 1.0545. In case the resistance level 1.0545 - 1.0545 is broken, the instrument is likely to follow the bearish trend.
EURUSD M5
Bearish pennant
The Bearish pennant pattern has formed on the EURUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0552; the projection of the flagpole height is equal to 29 pips. In case the price breaks out the pattern’s bottom of 1.0552, the downtrend is expected to continue for further level 1.0537.
EURUSD M5
Head and Shoulders
According to the chart of M5, EURUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.0597 while the median line of the Neck is found at 1.0564/1.0564. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURUSD will go towards 1.0549.