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

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 106.14 is likely to encourage a continuation of the downward trend.

According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 209.61 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -102 pips.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 110.07; the lower boundary 109.00; the width of the pattern 1065 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 108.99 level.

The Triple Bottom pattern has formed on the chart of the NZDJPY M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 92.49/91.92.

The Double Bottom pattern has been formed on AUDJPY M15. Characteristics: the support level 106.33; the resistance level 106.64; the width of the pattern 31 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 29 points.