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

According to the chart of H1, AUDUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6575, the lower border is 0.6552. The signal means that a short position should be opened after fixing a price below the lower border 0.6552 of the Bearish Rectangle.

The Triple Bottom pattern has formed on the chart of #GOOG M15. Features of the pattern: The lower line of the pattern has coordinates 173.90 with the upper limit 173.90/173.71, the projection of the width is 126 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 172.64, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #Bitcoin H1; the upper boundary is 71651.10; the lower boundary is 68833.55. The width of the pattern is 277877 points. In case of a break of the upper boundary 71651.10, 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 Bearish pennant pattern has formed on the AUDCHF M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.5704, a trader will be able to successfully enter the sell position.

The Triple Bottom pattern has formed on the chart of the GBPJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 197.78/197.73.