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

According to the chart of M5, GBPAUD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.8972 – 1.8972 and upper border 1.9012 – 1.9012. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Top pattern has formed on the chart of the SILVER M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 83.33/83.75 with the upper limit 85.46/85.19; the projection of the width is 2130 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 83.33, the price is most likely to continue the downward movement.

On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 5175.65; the lower boundary 5162.77; the width of the pattern 1288 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 5162.62 level.

According to the chart of M30, AUDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.7123 and 0.6904 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 219 pips. Outlook: If the upper border 0.7123 is broken, the price is likely to continue its move by 0.7034.

The Double Bottom pattern has been formed on GBPUSD M15; the upper boundary is 1.3340; the lower boundary is 1.3304. The width of the pattern is 38 points. In case of a break of the upper boundary 1.3340, 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.