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

The Bullish pennant graphic pattern has formed on the AUDUSD M5 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 0.7192.

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 4579.60; the lower boundary 4565.37; the width of the pattern is 1375 points. Sell trades are better to be opened below the lower boundary 4565.37 with a possible movements towards the 4565.22 level.

The Triple Top pattern has formed on the chart of the NZDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -3, and pattern’s width 13. Forecast If the price breaks through the support level 93.22, it is likely to move further down to 93.23.

The Triple Top pattern has formed on the chart of the NZDUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -1, and pattern’s width 8. Forecast If the price breaks through the support level 0.5864, it is likely to move further down to 0.5860.

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 113.59/113.64 with the upper limit 113.76/113.75; the projection of the width is 17 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 113.59, the price is most likely to continue the downward movement.