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

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 4116.07 and 4036.43 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 7964 pips. Outlook: If the upper border 4116.07 is broken, the price is likely to continue its move by 4078.85.

The Double Bottom pattern has been formed on AUDCAD H1. Characteristics: the support level 0.9751; the resistance level 0.9807; the width of the pattern 56 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 55 points.

According to the chart of M30, GOLD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 3995.50 is likely to encourage a continuation of the downward trend.

The Triple Top pattern has formed on the chart of the #Bitcoin M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1947, support level -3181, and pattern’s width 24351. Forecast If the price breaks through the support level 63859.94, it is likely to move further down to 64041.50.

According to the chart of M15, GOLD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 3995.50 is likely to encourage a continuation of the downward trend.