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

The Double Bottom pattern has been formed on AUDCAD M5; the upper boundary is 0.9836; the lower boundary is 0.9822. The width of the pattern is 13 points. In case of a break of the upper boundary 0.9836, 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 Top pattern has been formed on AUDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9768 is broken, the downward movement will continue.

According to the chart of H1, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9783 - 0.0000 and support 0.9743 – 0.9743. In case the resistance level 0.9743 - 0.9743 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, AUDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9783, the lower border is 0.9743. The signal means that a short position should be opened after fixing a price below the lower border 0.9743 of the Bearish Rectangle.

According to the chart of M5, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9743 – 0.9743 and upper border 0.9758 – 0.9758. In case the lower border is broken, the instrument is likely to follow the downward trend.