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

According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6559 – 0.6559 and upper border 0.6565 – 0.6565. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6565; the lower boundary is 0.6559. The width of the pattern is 6 points. In case of a break of the upper boundary 0.6565, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6574/0.6570 whereas the lower border goes across 0.6564/0.6570. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6570 is broken, the price could continue its move toward 0.6585.

The Double Top reversal pattern has been formed on AUDUSD M30. Characteristics: the upper boundary 0.6589; the lower boundary 0.6580; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 0.6580 with a possible movements towards the 0.6550 level.

The Bullish pennant signal – Trading instrument AUDUSD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.6583, with the prospect of the next move being a projection of the flagpole height.