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

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 104.33/104.45 with the upper limit 104.56/104.57; the projection of the width is 23 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 104.33, the price is most likely to continue the downward movement.

According to the chart of M5, AUDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 104.04 while the median line of the Neck is found at 103.83/103.96. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDJPY will go towards 104.19

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 104.55 and 104.26 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 104.55 is broken, the price is likely to continue its move by 104.54.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 104.55 and 104.25 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 30 pips. Outlook: If the upper border 104.55 is broken, the price is likely to continue its move by 104.56.

The Double Top pattern has been formed on AUDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 104.41 is broken, the downward movement will continue.

The Bullish pennant pattern is formed on the AUDJPY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 104.56, a further uptrend is possible.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 104.25; the lower boundary 104.02; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 104.02 with a possible movements towards the 103.87 level.

The Double Top pattern has been formed on AUDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 103.96 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the AUDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -16, and pattern’s width 27. Forecast If the price breaks through the support level 103.98, it is likely to move further down to 104.08.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 103.90/104.11 whereas the upper border goes across 104.25/104.11. 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 104.26.