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

The Triple Bottom pattern has formed on the chart of the GBPUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.3516/1.3509.

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6590; the lower boundary is 0.6582. The width of the pattern is 8 points. In case of a break of the upper boundary 0.6590, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

On the chart of AUDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9123; the lower boundary 0.9110; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9080 level.

On the chart of the AUDUSD M30 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 0.6578, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 22 points.

According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0731 and 1.0691 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 40 pips. Outlook: If the upper border 1.0731 is broken, the price is likely to continue its move by 1.0733.

The Bullish pennant pattern is formed on the #TSLA M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 444.70, a further uptrend is possible.

The Double Bottom pattern has been formed on NZDCHF M30; the upper boundary is 0.4655; the lower boundary is 0.4643. The width of the pattern is 12 points. In case of a break of the upper boundary 0.4655, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Top reversal pattern has been formed on #PEP M30. Characteristics: the upper boundary 142.02; the lower boundary 140.41; the width of the pattern is 165 points. Sell trades are better to be opened below the lower boundary 140.41 with a possible movements towards the 140.11 level.

The Double Bottom pattern has been formed on NZDCHF M15; the upper boundary is 0.4655; the lower boundary is 0.4643. The width of the pattern is 12 points. In case of a break of the upper boundary 0.4655, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Triple Bottom pattern has formed on the chart of NZDCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.4655 with the upper limit 0.4655/0.4648, the projection of the width is 12 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 0.4643, the price is most likely to continue the upward movement.