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

The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.7017; the lower boundary 0.7001; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 0.7001 with a possible movements towards the 0.6986 level.

The Bullish pennant signal – Trading instrument AUDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 106.77, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant signal – Trading instrument #NTDOY H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 17.01, with the prospect of the next move being a projection of the flagpole height.

The Triple Top pattern has formed on the chart of the GBPUSD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -27, and pattern’s width 43. Forecast If the price breaks through the support level 1.3746, it is likely to move further down to 1.3767.

According to the chart of M5, #INTC formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 43.62/43.94 whereas the upper border goes across 44.22/43.94. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #INTC will breach the upper border to head for 44.09.