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

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 110.01/109.99.

According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0237/2.0226 whereas the lower border goes across 2.0216/2.0226. The pattern width is measured on the chart at 21 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2.0226 is broken, the price could continue its move toward 2.0241.

According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6889 – 0.6889 and upper border 0.6896 – 0.6896. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 109.91/109.96 and upper border is 110.03/109.96. The pattern width is measured on the chart at -12 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 109.81.

The Triple Bottom pattern has formed on the chart of the NZDUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.5693/0.5690.

According to the chart of M5, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 183.91, the lower border is 183.82. The signal means that a short position should be opened after fixing a price below the lower border 183.82 of the Bearish Rectangle.

The Double Bottom pattern has been formed on NZDCHF H1; the upper boundary is 0.4565; the lower boundary is 0.4548. The width of the pattern is 17 points. In case of a break of the upper boundary 0.4565, 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 Bullish pennant signal – Trading instrument EURGBP M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.8734, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on NZDCHF M30. 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 0.4565 is broken. The further movements will rely on the width of the current pattern 17 points.

The Double Bottom pattern has been formed on AUDCHF M15; the upper boundary is 0.5529; the lower boundary is 0.5509. The width of the pattern is 20 points. In case of a break of the upper boundary 0.5529, 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.