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

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 105831.35; the lower boundary 105502.73; the width of the pattern 32862 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 105502.60 level.

The Double Top reversal pattern has been formed on #Bitcoin M30. Characteristics: the upper boundary 105283.16; the lower boundary 103816.55; the width of the pattern is 147353 points. Sell trades are better to be opened below the lower boundary 103816.55 with a possible movements towards the 103816.30 level.

On the chart of USDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3702; the lower boundary 1.3668; the width of the pattern 34 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3645 level.

According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 93.96/94.02 whereas the upper border goes across 94.07/94.02. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 94.25.

The Triple Bottom pattern has formed on the chart of the GBPAUD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0879/2.0852.