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

The Double Bottom pattern has been formed on AUDJPY M15; the upper boundary is 110.27; the lower boundary is 110.02. The width of the pattern is 26 points. In case of a break of the upper boundary 110.27, 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.

The Double Top reversal pattern has been formed on GBPAUD M15. Characteristics: the upper boundary 1.9089; the lower boundary 1.9064; the width of the pattern is 28 points. Sell trades are better to be opened below the lower boundary 1.9064 with a possible movements towards the 1.9042 level.

The Triple Bottom pattern has formed on the chart of #NTDOY M15. Features of the pattern: The lower line of the pattern has coordinates 13.62 with the upper limit 13.62/13.52, the projection of the width is 23 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 13.39, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on NZDUSD 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 0.5881 is broken. The further movements will rely on the width of the current pattern 13 points.

According to the chart of M5, GBPAUD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.9064 – 1.9064 and upper border 1.9089 – 1.9089. In case the upper border is broken, the instrument is likely to follow the upward trend.