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

The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.6938; the lower boundary is 0.6924. The width of the pattern is 13 points. In case of a break of the upper boundary 0.6938, 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 Triple Bottom pattern has formed on the chart of the NZDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8151/0.8149.

The Triple Bottom pattern has formed on the chart of EURCAD M30. Features of the pattern: The lower line of the pattern has coordinates 1.6160 with the upper limit 1.6160/1.6149, the projection of the width is 21 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 1.6139, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on NZDCAD 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 0.8151 is broken. The further movements will rely on the width of the current pattern 9 points.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 184.73 and 184.66 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 7 pips. Outlook: If the upper border 184.73 is broken, the price is likely to continue its move by 184.85.