2019-02-20 Double Top EURUSD M30

On the chart of EURUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1356; the lower boundary 1.1335; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1305 level.

2019-02-20 Bullish symmetrical triangle EURNZD M5

According to the chart of M5, EURNZD formed the Bullish symmetrical triangle pattern. Description: This is the pattern of a trend continuation. 1.6464 and 1.6528 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at -64 pips. Outlook: If the upper border 1.6464 is broken, the price is likely to continue its move by 1.6483 pips.

2019-02-20 Double Bottom USDCAD M15

The Double Bottom pattern has been formed on USDCAD 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 1.3215 is broken. The further movements will rely on the width of the current pattern 11 points.

2019-02-20 Triple Top GBPUSD M15

On the chart of the GBPUSD M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.3050, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 18 points.