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

The Double Top reversal pattern has formed on the AUDUSD M5 chart. Its upper boundary is at 0.7209, its lower boundary is at 0.7197, and its width is 11 points. A short position may be considered below the lower boundary at 0.7197, with a potential target at 0.7182.

The Double Top reversal pattern has formed on the AUDUSD M30 chart. Its upper boundary is at 0.7215, its lower boundary is at 0.7205, and its width is 9 points. A short position may be considered below the lower boundary at 0.7205, with a potential target at 0.7175.

The Triple Top reversal pattern has formed on the AUDUSD M5 chart. Its upper boundary is at 0.7188/0.7207, its lower boundary is at 0.7179/0.7190, and its current width is 7 points. If the confirmation support at 0.7179 is broken, that width can be used to project the downward move.

The Triple Top pattern has formed on the chart of AUDUSD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 0.7182 may confirm the bearish scenario. The projected peak-to-trough width is 4 points.

The Double Bottom pattern has formed on the AUDUSD M30 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.7172. The projected move is based on the pattern width of 17 points.