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

Technical Analysis Patterns
There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.
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Figure:
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Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
All
M5
M15
M30
H1
D1
Signal strength:
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High
Medium
Low
Signal direction:
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Buy
Sell
AUDCAD
AUDCAD M15
Bearish Rectangle
According to the chart of M15, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9298 – 0.9298 and upper border 0.9305 – 0.9305. In case the lower border is broken, the instrument is likely to follow the downward trend.
AUDCAD M15
Double Bottom
The Double Bottom pattern has been formed on AUDCAD M15; the upper boundary is 0.9304; the lower boundary is 0.9298. The width of the pattern is 5 points. In case of a break of the upper boundary 0.9304, 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.
AUDCAD M30
Double Top
The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.9305; the lower boundary 0.9289; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 0.9289 with a possible movements towards the 0.9259 level.
AUDCAD M15
Triple Top
The Triple Top pattern has formed on the chart of the AUDCAD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -9, and pattern’s width 16. Forecast If the price breaks through the support level 0.9289, it is likely to move further down to 0.9287.
AUDCAD M5
Double Top
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 0.9303 is broken, the downward movement will continue.
AUDCAD M15
Bearish Rectangle
According to the chart of M15, AUDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9270, the lower border is 0.9259. The signal means that a short position should be opened after fixing a price below the lower border 0.9259 of the Bearish Rectangle.
AUDCAD M5
Bearish Rectangle
According to the chart of M5, AUDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9270, the lower border is 0.9259. The signal means that a short position should be opened after fixing a price below the lower border 0.9259 of the Bearish Rectangle.
AUDCAD M5
Double Top
The Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.9287; the lower boundary 0.9278; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.9278 with a possible movements towards the 0.9263 level.
AUDCAD M5
Triple Bottom
The Triple Bottom pattern has formed on the chart of the AUDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.9289/0.9288.
AUDCAD M5
Bearish Rectangle
According to the chart of M5, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9281 – 0.9281 and upper border 0.9289 – 0.9289. In case the lower border is broken, the instrument is likely to follow the downward trend.