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

The Bearish Flag pattern has been formed on #PEP at M5. The lower boundary of the pattern is located at 162.85/163.51 while the upper boundary lies at 163.71/164.37. The projection of the flagpole is 218 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 162.85 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the #PEP M5 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 162.85, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the NZDUSD M5 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 0.6001, a trader will be able to successfully enter the sell position.

According to the chart of M15, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9612/0.9629 and upper border is 0.9651/0.9629. The pattern width is measured on the chart at -39 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 AUDCAD breaches the lower border, the price could continue its move toward 0.9607.

According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 92.12/92.31 and upper border is 92.58/92.31. The pattern width is measured on the chart at -46 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 NZDJPY breaches the lower border, the price could continue its move toward 92.08.

The Double Bottom pattern has been formed on #MA M15. Characteristics: the support level 516.03; the resistance level 525.61; the width of the pattern 958 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 927 points.

The Double Top pattern has been formed on NZDCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4629 is broken, the downward movement will continue.

According to the chart of M30, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 108.21, the lower border is 107.80. The signal means that a short position should be opened after fixing a price below the lower border 107.80 of the Bearish Rectangle.

The Double Bottom pattern has been formed on AUDCAD M5; the upper boundary is 0.9637; the lower boundary is 0.9629. The width of the pattern is 7 points. In case of a break of the upper boundary 0.9637, 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 M5, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6046, the lower border is 0.6038. The signal means that a long position should be opened above the upper border 0.6046 of the Bullish Rectangle.