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

The Triple Bottom pattern has formed on the chart of the AUDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.9800/0.9790.

On the chart of the AUDCAD M15 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 0.9831, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 8 points.

According to the chart of M5, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9831 – 0.9831 and upper border 0.9839 – 0.9839. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on AUDCAD M30; the upper boundary is 0.9835; the lower boundary is 0.9818. The width of the pattern is 16 points. In case of a break of the upper boundary 0.9835, 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.

The Double Bottom pattern has been formed on AUDCAD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.9835 is broken. The further movements will rely on the width of the current pattern 16 points.