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

The Double Top pattern has been formed on AUDCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5598 is broken, the downward movement will continue.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5589 is likely to encourage a continuation of the downward trend.

According to the chart of M30, AUDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5598, the lower border is 0.5589. The signal means that a short position should be opened after fixing a price below the lower border 0.5589 of the Bearish Rectangle.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5589/0.5594 and upper border is 0.5599/0.5594. The pattern width is measured on the chart at -10 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 AUDCHF breaches the lower border, the price could continue its move toward 0.5579.

According to the chart of M30, AUDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5598, the lower border is 0.5589. The signal means that a short position should be opened after fixing a price below the lower border 0.5589 of the Bearish Rectangle.