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

The Triple Top pattern has formed on the chart of the AUDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -16, and pattern’s width 27. Forecast If the price breaks through the support level 103.98, it is likely to move further down to 104.08.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURJPY M5. Forecast: if the price breaks above the pattern high at 184.75, then traders will be able to place a long deal with the target at 184.90.

The Bullish pennant signal – Trading instrument EURJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 184.75, with the prospect of the next move being a projection of the flagpole height.

The Double Top pattern has been formed on EURCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6133 is broken, the downward movement will continue.

According to the chart of H1, AUDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6592 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -41 pips.