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

The Double Top reversal pattern has been formed on AUDCHF M5. Characteristics: the upper boundary 0.5766; the lower boundary 0.5757; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.5757 with a possible movements towards the 0.5742 level.

The Double Top reversal pattern has been formed on AUDCHF M30. Characteristics: the upper boundary 0.5760; the lower boundary 0.5746; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 0.5746 with a possible movements towards the 0.5716 level.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5738 is likely to encourage a continuation of the downward trend.

The Triple Top pattern has formed on the chart of the AUDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -1, and pattern’s width 5. Forecast If the price breaks through the support level 0.5745, it is likely to move further down to 0.5737.

The Bullish pennant signal – Trading instrument AUDCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.5750, with the prospect of the next move being a projection of the flagpole height.