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

On the chart of the AUDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 94.17, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 15 points.

The Double Bottom pattern has been formed on AUDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 93.96 is broken. The further movements will rely on the width of the current pattern 42 points.

The Triple Top pattern has formed on the chart of the AUDJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 10, support level -38, and pattern’s width 82. Forecast If the price breaks through the support level 93.28, it is likely to move further down to 93.64.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 93.94 and 93.50 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 44 pips. Outlook: If the upper border 93.94 is broken, the price is likely to continue its move by 93.90.

The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 94.00 is broken, the downward movement will continue.