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

The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 1.8778; the lower boundary is 1.8738. The width of the pattern is 40 points. In case of a break of the upper boundary 1.8778, 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.

According to the chart of M30, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9874 is likely to encourage a continuation of the downward trend.

According to M5, SILVER is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 75.22/75.20 is broken out, the instrument is likely to move toward 75.22.

The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 1.8778; the lower boundary is 1.8738. The width of the pattern is 40 points. In case of a break of the upper boundary 1.8778, 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 Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.9934; the lower boundary 0.9931; the width of the pattern is 3 points. Sell trades are better to be opened below the lower boundary 0.9931 with a possible movements towards the 0.9916 level.