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

On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 113.00; the lower boundary 110.61; the width of the pattern 2390 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 110.59 level.

The Bullish Flag pattern has been formed on AUDUSD at M15. The lower boundary of the pattern is located at 0.6941/0.6929, while the higher boundary lies at 0.6955/0.6943. The projection of the flagpole is 28 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.6955 is broken, the price will move further upwards.

The Bullish pennant pattern is formed on the AUDUSD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.6955, a further uptrend is possible.

The Double Top reversal pattern has been formed on GOLD H1. Characteristics: the upper boundary 5104.44; the lower boundary 4989.48; the width of the pattern is 11040 points. Sell trades are better to be opened below the lower boundary 4989.48 with a possible movements towards the 4989.08 level.

The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 5099.88; the lower boundary 5073.16; the width of the pattern is 2591 points. Sell trades are better to be opened below the lower boundary 5073.16 with a possible movements towards the 5072.94 level.