MT5.com - Actual patterns. Technical analysis and trading recommendations
The Double Bottom pattern has been formed on EURCAD M5; the upper boundary is 1.5717; the lower boundary is 1.5701. The width of the pattern is 16 points. In case of a break of the upper boundary 1.5717, 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 #Bitcoin M5. Characteristics: the upper boundary 11199.80; the lower boundary 11137.30; the width of the pattern is 6250 points. Sell trades are better to be opened below the lower boundary 11137.30 with a possible movements towards the 11137.15 level.
The Triple Top pattern has formed on the chart of the EURCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -12, and pattern’s width 17. Forecast If the price breaks through the support level 1.0760, it is likely to move further down to 1.0763.
The Triple Bottom pattern has formed on the chart of EURCAD M5. Features of the pattern: The lower line of the pattern has coordinates 1.5734 with the upper limit 1.5734/1.5728, the projection of the width is 16 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.5718, the price is most likely to continue the upward movement.
The Double Bottom pattern has been formed on EURCAD 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 1.5728 is broken. The further movements will rely on the width of the current pattern 16 points.