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

The Triple Bottom pattern has formed on the chart of #EBAY M5. Features of the pattern: The lower line of the pattern has coordinates 94.88 with the upper limit 94.88/94.80, the projection of the width is 34 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 94.54, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on #FB M15. Characteristics: the upper boundary 674.91; the lower boundary 671.91; the width of the pattern is 330 points. Sell trades are better to be opened below the lower boundary 671.91 with a possible movements towards the 671.68 level.

According to the chart of M30, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5357/0.5376 and upper border is 0.5390/0.5376. The pattern width is measured on the chart at -33 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCHF breaches the lower border, the price could continue its move toward 0.5346.

The Triple Bottom pattern has formed on the chart of the #EBAY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 95.14/94.88.

The Double Top reversal pattern has been formed on #GOOG M5. Characteristics: the upper boundary 335.56; the lower boundary 334.80; the width of the pattern is 79 points. Sell trades are better to be opened below the lower boundary 334.80 with a possible movements towards the 334.65 level.