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

On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 204.50; the lower boundary 204.18; the width of the pattern 32 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 203.96 level.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0252; the lower boundary is 2.0204. The width of the pattern is 47 points. In case of a break of the upper boundary 2.0252, 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 Bottom pattern has been formed on GBPCHF 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 1.0479 is broken. The further movements will rely on the width of the current pattern 11 points.

The Double Top pattern has been formed on #TSLA M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 410.82 is broken, the downward movement will continue.

The Triple Bottom pattern has formed on the chart of the NZDCAD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.7970/0.7953.