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

The Double Bottom pattern has been formed on GOLD 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 4037.43 is broken. The further movements will rely on the width of the current pattern 1363 points.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9813/0.9827 and upper border is 0.9840/0.9827. The pattern width is measured on the chart at -27 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCAD breaches the lower border, the price could continue its move toward 0.9812.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 162.17/162.12 whereas the lower border goes across 162.09/162.12. The pattern width is measured on the chart at 8 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 162.12 is broken, the price could continue its move toward 162.27.

According to the chart of M30, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 185.79 – 185.79 and upper border 185.97 – 185.97. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 185.79 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -10 pips.