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

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 208.25; the resistance level 208.42; the width of the pattern 17 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 18 points.

The Triple Bottom pattern has formed on the chart of the NZDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 92.33/92.23.

The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 107.81; the resistance level 108.00; the width of the pattern 19 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 20 points.

The Double Bottom pattern has been formed on AUDCAD M5; the upper boundary is 0.9623; the lower boundary is 0.9612. The width of the pattern is 10 points. In case of a break of the upper boundary 0.9623, 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.

On the chart of the SILVER M5 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 75.72, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 590 points.