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

On the chart of AUDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9116; the lower boundary 0.9104; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9089 level.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9099/0.9109 and upper border is 0.9122/0.9109. The pattern width is measured on the chart at -23 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 AUDCAD breaches the lower border, the price could continue its move toward 0.9094.

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5768 is likely to encourage a continuation of the downward trend.

The Triple Top pattern has formed on the chart of the GBPAUD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -37, and pattern’s width 68. Forecast If the price breaks through the support level 2.0175, it is likely to move further down to 2.0217.

The Triple Top pattern has formed on the chart of the #TSLA M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 470.50/475.77 with the upper limit 481.06/481.50; the projection of the width is 1056 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 470.50, the price is most likely to continue the downward movement.