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

On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5154; the lower boundary 0.5150; the width of the pattern 4 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5135 level.

According to the chart of M5, GBPCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0642 – 1.0642 and upper border 1.0648 – 1.0648. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Triple Top pattern has formed on the chart of the GBPJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -5, and pattern’s width 15. Forecast If the price breaks through the support level 202.06, it is likely to move further down to 202.04.

The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.0648; the lower boundary 1.0642; the width of the pattern is 6 points. Sell trades are better to be opened below the lower boundary 1.0642 with a possible movements towards the 1.0627 level.

The Triple Top pattern has formed on the chart of the #TSLA M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 29, support level -411, and pattern’s width 984. Forecast If the price breaks through the support level 430.57, it is likely to move further down to 438.83.