FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8024; the lower boundary is 0.8015. The width of the pattern is 8 points. In case of a break of the upper boundary 0.8024, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0550; the lower boundary 1.0524; the width of the pattern 26 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0509 level.

The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6576; the resistance level 0.6589; the width of the pattern 13 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 14 points.

The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 88.41 is broken, the downward movement will continue.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5245 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -26 pips.