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

According to the chart of M5, AUDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5344 – 0.5344 and upper border 0.5351 – 0.5351. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5322 and 0.5311 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 11 pips. Outlook: If the upper border 0.5322 is broken, the price is likely to continue its move by 0.5332.

The Triple Top pattern has formed on the chart of the AUDCHF D1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5242/0.5332 with the upper limit 0.5368/0.5387; the projection of the width is 126 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.5242, the price is most likely to continue the downward movement.

The Triple Bottom pattern has formed on the chart of the AUDCHF M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.5327/0.5320.

The Bearish pennant pattern has formed on the AUDCHF M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5334 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.