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

According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6756 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -10 pips.

According to the chart of M30, GBPAUD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.9817 – 1.9817 and upper border 1.9872 – 1.9872. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, #KO formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 70.60/71.46 whereas the upper border goes across 72.24/71.46. 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 #KO will breach the upper border to head for 71.61.

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5834/0.5838 and upper border is 0.5841/0.5838. The pattern width is measured on the chart at -7 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDUSD breaches the lower border, the price could continue its move toward 0.5823.

According to the chart of M15, #KO formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 69.78 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -340 pips.