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

The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6506; the lower boundary 0.6482; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 0.6482 with a possible movements towards the 0.6467 level.

The Double Bottom pattern has been formed on AUDUSD M5. 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 0.6495 is broken. The further movements will rely on the width of the current pattern 8 points.

The Bullish pennant signal – Trading instrument AUDUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.6534, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M15, AUDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6524, the lower border is 0.6510. The signal means that a long position should be opened above the upper border 0.6524 of the Bullish Rectangle.

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6506; the lower boundary is 0.6501. The width of the pattern is 6 points. In case of a break of the upper boundary 0.6506, 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.