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

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 107.02 is broken, the downward movement will continue.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 106.24/106.60 and upper border is 106.85/106.60. The pattern width is measured on the chart at -61 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 106.45.

On the chart of the AUDJPY M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 106.32, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 19 points.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 106.49; the lower boundary 106.33; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 106.11 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 106.12 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 106.75; the lower boundary 106.67; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 106.67 with a possible movements towards the 106.52 level.

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 106.02 is broken, the downward movement will continue.

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 106.02 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 -2, support level -4, and pattern’s width 7. Forecast If the price breaks through the support level 106.04, it is likely to move further down to 105.98.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 106.01/106.07 whereas the upper border goes across 106.11/106.07. 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 106.22.