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

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5654 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -13 pips.

According to the chart of M15, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5654 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on AUDCHF M15. Characteristics: the support level 0.5654; the resistance level 0.5666; the width of the pattern 12 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 11 points.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5678 is likely to encourage a continuation of the downward trend.

On the chart of AUDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5728; the lower boundary 0.5718; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5678 level.