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

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 110.01; the lower boundary 109.92; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 109.92 with a possible movements towards the 109.77 level.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 109.60; the lower boundary 109.49; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 109.26 level.

The Bullish pennant graphic pattern has formed on the AUDJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 109.78.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 109.15 and 108.69 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 46 pips. Outlook: If the upper border 109.15 is broken, the price is likely to continue its move by 109.09.

The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 109.02 is broken, the downward movement will continue.