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

According to the chart of M5, AUDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 114.70, the lower border is 114.56. The signal means that a long position should be opened above the upper border 114.70 of the Bullish Rectangle.

According to the chart of M15, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 114.56 – 114.56 and upper border 114.70 – 114.70. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, EURGBP formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8640 – 0.8640 and upper border 0.8649 – 0.8649. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bearish pennant pattern has formed on the #AMZN M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 254.02, a trader will be able to successfully enter the sell position.

The Double Top reversal pattern has been formed on #KO D1. Characteristics: the upper boundary 82.66; the lower boundary 80.24; the width of the pattern is 226 points. Sell trades are better to be opened below the lower boundary 80.24 with a possible movements towards the 79.84 level.