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

According to the chart of M5, GOLD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 4510.43, the lower border is 4503.84. The signal means that a short position should be opened after fixing a price below the lower border 4503.84 of the Bearish Rectangle.

The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 4503.84; the resistance level 4510.43; the width of the pattern 659 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 606 points.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8841; the lower boundary is 1.8831. The width of the pattern is 11 points. In case of a break of the upper boundary 1.8841, 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 Bullish pennant graphic pattern has formed on the #AAPL H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 311.98.

According to the chart of M5, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7845 - 0.0000 and support 0.7837 – 0.7837. In case the resistance level 0.7837 - 0.7837 is broken, the instrument is likely to follow the bearish trend.