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

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 4888.06 and 4821.16 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 6690 pips. Outlook: If the upper border 4888.06 is broken, the price is likely to continue its move by 4858.86.

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 AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6756; the lower boundary 0.6748; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6733 level.

According to the chart of H1, GBPJPY formed the Head and Shoulders pattern. The Head’s top is set at 213.46 while the median line of the Neck is found at 211.82/212.09. 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 GBPJPY will go towards 211.69.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0618/1.0626 whereas the upper border goes across 1.0632/1.0626. 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 GBPCHF will breach the upper border to head for 1.0641.

According to the chart of M5, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3439, the lower border is 1.3432. The signal means that a short position should be opened after fixing a price below the lower border 1.3432 of the Bearish Rectangle.

According to the chart of M30, SILVER formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 95.82/94.21 whereas the lower border goes across 93.04/94.21. The pattern width is measured on the chart at 2780 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 94.21 is broken, the price could continue its move toward 94.24.

On the chart of the AUDUSD H1 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 0.6724, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 24 points.

According to the chart of H1, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 92.46 and 91.87 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 59 pips. Outlook: If the upper border 92.46 is broken, the price is likely to continue its move by 92.54.

The Triple Top pattern has formed on the chart of the GOLD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 4816.67/4826.53 with the upper limit 4843.89/4846.51; the projection of the width is 2722 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 4816.67, the price is most likely to continue the downward movement.