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:
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M5
M15
M30
H1
D1
Signal strength:
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High
Medium
Low
Signal direction:
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Buy
Sell
AUDJPY
AUDJPY M5
Double Top
On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 112.69; the lower boundary 112.59; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 112.44 level.
AUDJPY M5
Bearish Symmetrical Triangle
According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 112.16 is likely to encourage a continuation of the downward trend.
AUDJPY M15
Bullish Symmetrical Triangle
According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 112.73 and 112.04 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 69 pips. Outlook: If the upper border 112.73 is broken, the price is likely to continue its move by 112.54.
AUDJPY M5
Head and Shoulders
According to the chart of M5, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 112.75 while the median line of the Neck is found at 112.66/112.67. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDJPY will go towards 112.52.
AUDJPY M5
Bullish pennant
The Bullish pennant signal – Trading instrument AUDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 111.81, with the prospect of the next move being a projection of the flagpole height.
AUDJPY M5
Bearish Rectangle
According to the chart of M5, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 111.10 – 111.10 and upper border 111.37 – 111.37. In case the lower border is broken, the instrument is likely to follow the downward trend.
AUDJPY M15
Double Bottom
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 112.16 is broken. The further movements will rely on the width of the current pattern 21 points.
AUDJPY M5
Bearish Rectangle
According to the chart of M5, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 111.93 – 111.93 and upper border 112.16 – 112.16. In case the lower border is broken, the instrument is likely to follow the downward trend.
AUDJPY M5
Double Top
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 111.56 is broken, the downward movement will continue.
AUDJPY M15
Double Top
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 111.44 is broken, the downward movement will continue.