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

According to M5, AUDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5469/0.5470 is broken out, the instrument is likely to move toward 0.5485.

According to the chart of M5, #FB formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 638.36 – 638.36 and upper border 642.01 – 642.01. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on AUDCHF M30. Characteristics: the support level 0.5461; the resistance level 0.5481; the width of the pattern 20 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 21 points.

The Double Bottom pattern has been formed on #FB 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 642.01 is broken. The further movements will rely on the width of the current pattern 365 points.

The Double Bottom pattern has been formed on AUDCAD M15; the upper boundary is 0.9700; the lower boundary is 0.9690. The width of the pattern is 10 points. In case of a break of the upper boundary 0.9700, 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.