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

According to the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5578/0.5595 whereas the upper border goes across 0.5615/0.5595. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCHF will breach the upper border to head for 0.5625.

The technical pattern called Head and Shoulders has appeared on the chart of #MA M30. There are weighty reasons to suggest that the price will surpass the Neckline 530.25/530.34 after the right shoulder has been formed. So, the trend is set to change with the price heading for 530.04.

The Bearish pennant pattern has formed on the #GOOG 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 359.64, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the #MSFT M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 381.50 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bearish pennant pattern has formed on the #TSLA 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 394.73, a trader will be able to successfully enter the sell position.