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

The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.9876; the lower boundary 0.9860; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 0.9860 with a possible movements towards the 0.9830 level.

On the chart of AUDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9876; the lower boundary 0.9860; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9837 level.

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 0.9857 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the AUDCAD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9833/0.9837 with the upper limit 0.9845/0.9845; the projection of the width is 12 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.9833, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on AUDCAD M15. Characteristics: the upper boundary 0.9845; the lower boundary 0.9833; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.9833 with a possible movements towards the 0.9811 level.