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

The Double Top reversal pattern has been formed on AUDCAD M15. Characteristics: the upper boundary 0.9203; the lower boundary 0.9191; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.9191 with a possible movements towards the 0.9168 level.

The Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 104.67/104.65; support level 104.57/104.55; the width is 10 points. In the event of a breakdown of the resistance level of 104.67, the price is likely to continue an upward movement at least to 104.72.

The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.0705; the lower boundary 1.0691; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 1.0691 with a possible movements towards the 1.0676 level.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPUSD M5. Forecast: if the price breaks above the pattern high at 1.3464, then traders will be able to place a long deal with the target at 1.3479.

The Bullish pennant graphic pattern has formed on the GBPUSD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 1.3479.