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

The Double Bottom pattern has been formed on AUDJPY M15. 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 105.43 is broken. The further movements will rely on the width of the current pattern 25 points.

The Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 105.61/105.57; support level 105.47/105.49; the width is 14 points. In the event of a breakdown of the resistance level of 105.61, the price is likely to continue an upward movement at least to 105.64.

The Triple Bottom pattern has formed on the chart of the AUDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 105.65/105.61.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 105.85/105.97 and upper border is 106.06/105.97. The pattern width is measured on the chart at -21 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDJPY breaches the lower border, the price could continue its move toward 105.82.

According to the chart of M15, AUDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 106.17, the lower border is 105.93. The signal means that a long position should be opened above the upper border 106.17 of the Bullish Rectangle.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 105.87/106.03 whereas the upper border goes across 106.16/106.03. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 106.18.

The Double Top reversal pattern has been formed on AUDJPY M15. Characteristics: the upper boundary 106.17; the lower boundary 105.96; the width of the pattern is 20 points. Sell trades are better to be opened below the lower boundary 105.96 with a possible movements towards the 105.74 level.

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 105.62 is broken, the downward movement will continue.

According to the chart of M5, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 106.28, the lower border is 106.12. The signal means that a short position should be opened after fixing a price below the lower border 106.12 of the Bearish Rectangle.

The Double Bottom pattern has been formed on AUDJPY M15. Characteristics: the support level 106.12; the resistance level 106.28; the width of the pattern 16 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 15 points.