FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Double Top
The Double Top reversal pattern has formed on the AUDCHF M5 chart. Its upper boundary is at 0.5776, its lower boundary is at 0.5769, and its width is 8 points. A short position may be considered below the lower boundary at 0.5769, with a potential target at 0.5754.
Triple Bottom
The Triple Bottom pattern has formed on the AUDCHF M30 chart. A break above the confirmation resistance at 0.5770 may signal a reversal from a downtrend to an uptrend.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the AUDCHF M15 chart. A break below the lower boundary at 0.5733 is likely to signal a continuation of the downtrend.
Double Bottom
The Double Bottom pattern has formed on the AUDCHF M5 chart. Its upper boundary is at 0.5827, its lower boundary is at 0.5816, and its width is 11 points. A break above the upper boundary at 0.5827 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
Bullish Rectangle
The Bullish Rectangle has formed on the AUDCHF M15 chart and indicates a likely continuation of the trend. Its upper boundary is at 0.5846 and its lower boundary is at 0.5835. A long position may be considered after the price breaks above the upper boundary at 0.5846 of the Bullish Rectangle.