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

The Bullish pennant graphic pattern has formed on the AUDJPY M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 101.82.

The Bullish pennant signal – Trading instrument AUDJPY M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 101.56, with the prospect of the next move being a projection of the flagpole height.

The Triple Bottom pattern has formed on the chart of AUDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 100.70 with the upper limit 100.70/100.64, 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 100.58, the price is most likely to continue the upward movement.

The Bullish pennant graphic pattern has formed on the AUDJPY M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 100.64.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart AUDJPY M15. Forecast: if the price breaks above the pattern high at 100.42, then traders will be able to place a long deal with the target at 100.64.

The Triple Top pattern has formed on the chart of the AUDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 100.11/100.20 with the upper limit 100.33/100.38; the projection of the width is 22 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 100.11, the price is most likely to continue the downward movement.

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

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 100.11 is broken, the downward movement will continue.

The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 100.11 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 99.87; the lower boundary 99.79; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 99.79 with a possible movements towards the 99.64 level.