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The Triple Top pattern has formed on the chart of the AUDCHF M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -7, and pattern’s width 9. Forecast If the price breaks through the support level 0.5617, it is likely to move further down to 0.5605.

According to the chart of M15, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.7812 while the median line of the Neck is set at 0.7835/0.7830. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDCHF will go towards 0.7853.

The Triple Top pattern has formed on the chart of the AUDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5617/0.5624 with the upper limit 0.5626/0.5628; the projection of the width is 9 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 0.5617, the price is most likely to continue the downward movement.

On the chart of the AUDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 113.32, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 9 points.

The Triple Bottom pattern has formed on the chart of the GBPUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.3554/1.3552.