FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bullish pennant
The Bullish pennant graphic pattern has formed on the AUDJPY 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 100.44.
Double Top
On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 100.11; the lower boundary 99.74; the width of the pattern 37 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 99.44 level.
Double Top
The Double Top reversal pattern has been formed on AUDJPY M15. Characteristics: the upper boundary 100.12; the lower boundary 99.74; the width of the pattern is 37 points. Sell trades are better to be opened below the lower boundary 99.74 with a possible movements towards the 99.51 level.
Double Bottom
The Double Bottom pattern has been formed on AUDJPY M5. 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 99.41 is broken. The further movements will rely on the width of the current pattern 14 points.
Double Top
The Double Top reversal pattern has been formed on AUDJPY M30. Characteristics: the upper boundary 99.49; the lower boundary 99.25; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 99.25 with a possible movements towards the 98.95 level.
