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

According to the chart of M15, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 2.0042 and 1.9994 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 48 pips. Outlook: If the upper border 2.0042 is broken, the price is likely to continue its move by 2.0038.

The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9305 is broken, the downward movement will continue.

According to the chart of M5, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9313 and support 0.9305. In case the resistance level 0.9313 - 0.9313 is broken, the instrument is likely to follow the bullish trend.

On the chart of AUDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9312; the lower boundary 0.9308; the width of the pattern 4 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9293 level.

The Triple Top pattern has formed on the chart of the #MA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -44, support level -121, and pattern’s width 229. Forecast If the price breaks through the support level 582.45, it is likely to move further down to 584.72.