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

On the chart of the GBPAUD M30 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 2.0175, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 68 points.

On the chart of NZDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4610; the lower boundary 0.4580; the width of the pattern 30 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4550 level.

According to the chart of H1, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3437/1.3376 whereas the lower border goes across 1.3324/1.3376. The pattern width is measured on the chart at 113 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3376 is broken, the price could continue its move toward 1.3416.

According to the chart of M30, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0618 is likely to encourage a continuation of the downward trend.

According to the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5306 and 0.5277 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 0.5306 is broken, the price is likely to continue its move by 0.5321.