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

According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 89.59 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -42 pips.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 103.03 and 102.71 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 32 pips. Outlook: If the upper border 103.03 is broken, the price is likely to continue its move by 103.03.

The Triple Top pattern has formed on the chart of the AUDJPY H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -5, support level -32, and pattern’s width 48. Forecast If the price breaks through the support level 102.50, it is likely to move further down to 102.64.

The Bullish Flag pattern has been formed on the chart GBPUSD M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.3442 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant pattern is formed on the GBPUSD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.3442, a further uptrend is possible.