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:
All
Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
All
M5
M15
M30
H1
D1
Signal strength:
All
High
Medium
Low
Signal direction:
All
Buy
Sell
AUDUSD
AUDUSD M15
Double Bottom
The Double Bottom pattern has been formed on AUDUSD M15. Characteristics: the support level 0.6544; the resistance level 0.6565; the width of the pattern 21 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 20 points.
AUDUSD H1
Double Top
On the chart of AUDUSD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6559; the lower boundary 0.6544; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6504 level.
AUDUSD M5
Bullish Rectangle
According to the chart of M5, AUDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.6552 – 0.6552 and upper border 0.6560 – 0.6560. In case the upper border is broken, the instrument is likely to follow the upward trend.
AUDUSD M15
Double Top
The Double Top reversal pattern has been formed on AUDUSD M15. Characteristics: the upper boundary 0.6560; the lower boundary 0.6553; the width of the pattern is 6 points. Sell trades are better to be opened below the lower boundary 0.6553 with a possible movements towards the 0.6531 level.
AUDUSD M5
Double Top
The Double Top pattern has been formed on AUDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6554 is broken, the downward movement will continue.
AUDUSD M5
Bullish pennant
The Bullish pennant signal – Trading instrument AUDUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.6543, with the prospect of the next move being a projection of the flagpole height.
AUDUSD M30
Triple Top
The Triple Top pattern has formed on the chart of the AUDUSD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6506/0.6507 with the upper limit 0.6518/0.6518; the projection of the width is 12 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 0.6506, the price is most likely to continue the downward movement.
AUDUSD M30
Double Top
The Double Top reversal pattern has been formed on AUDUSD M30. Characteristics: the upper boundary 0.6518; the lower boundary 0.6506; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 0.6506 with a possible movements towards the 0.6476 level.
AUDUSD M15
Double Top
On the chart of AUDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6519; the lower boundary 0.6506; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6484 level.
AUDUSD M5
Double Bottom
The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6499; the lower boundary is 0.6479. The width of the pattern is 19 points. In case of a break of the upper boundary 0.6499, 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.