FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M15, AUDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6599 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -17 pips.

According to the chart of M15, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6613 - 0.0000 and support 0.6599 – 0.6599. In case the resistance level 0.6599 - 0.6599 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.6595 is likely to encourage a continuation of the downward trend.

The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 89.81; the lower boundary 89.59; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 89.59 with a possible movements towards the 89.44 level.

On the chart of GBPAUD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0271; the lower boundary 2.0226; the width of the pattern 45 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2.0186 level.