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

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 113.45/113.61 whereas the upper border goes across 113.77/113.61. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 113.76.

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 113.61 is broken. The further movements will rely on the width of the current pattern 7 points.

According to the chart of M15, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 113.37 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -39 pips.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 114.28; the lower boundary 114.16; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 113.93 level.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 114.03/114.12 whereas the upper border goes across 114.19/114.12. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 114.27.