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

The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.6941; the lower boundary is 0.6909. The width of the pattern is 33 points. In case of a break of the upper boundary 0.6941, 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 GBPAUD M5. Characteristics: the upper boundary 1.9774; the lower boundary 1.9764; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 1.9764 with a possible movements towards the 1.9749 level.

The Triple Bottom pattern has formed on the chart of #EBAY M5. Features of the pattern: The lower line of the pattern has coordinates 94.88 with the upper limit 94.88/94.80, the projection of the width is 34 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 94.54, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on #FB M15. Characteristics: the upper boundary 674.91; the lower boundary 671.91; the width of the pattern is 330 points. Sell trades are better to be opened below the lower boundary 671.91 with a possible movements towards the 671.68 level.

According to the chart of M30, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5357/0.5376 and upper border is 0.5390/0.5376. The pattern width is measured on the chart at -33 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCHF breaches the lower border, the price could continue its move toward 0.5346.