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

According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.7109 is likely to encourage a continuation of the downward trend.

The Triple Top pattern has formed on the chart of the AUDUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.7130/0.7134 with the upper limit 0.7140/0.7140; the projection of the width is 10 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.7130, the price is most likely to continue the downward movement.

According to the chart of M5, AUDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.7175 while the median line of the Neck is found at 0.7146/0.7150. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.7135.

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.7108; the lower boundary is 0.7104. The width of the pattern is 4 points. In case of a break of the upper boundary 0.7108, 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.

According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.7109 – 0.7109 and upper border 0.7122 – 0.7122. In case the lower border is broken, the instrument is likely to follow the downward trend.