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

The Double Top reversal pattern has been formed on USDCHF M5. Characteristics: the upper boundary 0.8189; the lower boundary 0.8120; the width of the pattern is 67 points. Sell trades are better to be opened below the lower boundary 0.8120 with a possible movements towards the 0.8105 level.

The Bullish pennant signal – Trading instrument USDCHF M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.8195, with the prospect of the next move being a projection of the flagpole height.

The Triple Bottom pattern has been formed on USDCHF H1. It has the following characteristics: resistance level 0.8256/0.8192; support level 0.8140/0.8142; the width is 116 points. In the event of a breakdown of the resistance level of 0.8256, the price is likely to continue an upward movement at least to 0.8138.

The Triple Bottom pattern has formed on the chart of the USDCHF M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8256/0.8211.

The Triple Bottom pattern has formed on the chart of the USDCHF M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8256/0.8211.

According to M5, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8184/0.8178 is broken out, the instrument is likely to move toward 0.8193.

The Double Bottom pattern has been formed on USDCHF M15. 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 0.8279 is broken. The further movements will rely on the width of the current pattern 49 points.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8254 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -35 pips.

The Triple Bottom pattern has been formed on USDCHF M5. It has the following characteristics: resistance level 0.8292/0.8288; support level 0.8248/0.8256; the width is 44 points. In the event of a breakdown of the resistance level of 0.8292, the price is likely to continue an upward movement at least to 0.8269.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8248/0.8273 and upper border is 0.8296/0.8273. The pattern width is measured on the chart at -48 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 USDCHF breaches the lower border, the price could continue its move toward 0.8258.