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 113.11; the lower boundary 113.04; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 112.89 level.
AUDJPY M5
Triple Bottom
The Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 113.21/113.14; support level 113.08/113.07; the width is 13 points. In the event of a breakdown of the resistance level of 113.21, the price is likely to continue an upward movement at least to 113.22.
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 113.35 while the median line of the Neck is found at 113.25/113.26. 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 113.11.
AUDJPY M30
Bullish pennant
The Bullish pennant graphic pattern has formed on the AUDJPY M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 113.50.
AUDJPY M15
Bullish Rectangle
According to the chart of M15, AUDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 112.84 and support 112.53. In case the resistance level 112.84 - 112.84 is broken, the instrument is likely to follow the bullish trend.
AUDJPY M30
Bullish Rectangle
According to the chart of M30, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 112.53 – 112.53 and upper border 112.84 – 112.84. In case the upper border is broken, the instrument is likely to follow the upward trend.
AUDJPY M15
Bullish Rectangle
According to the chart of M15, AUDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 112.84, the lower border is 112.53. The signal means that a long position should be opened above the upper border 112.84 of the Bullish Rectangle.
AUDJPY M5
Bullish Symmetrical Triangle
According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 112.54/112.70 whereas the upper border goes across 112.83/112.70. 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 112.85.
AUDJPY M30
Double Top
On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 112.83; the lower boundary 112.53; the width of the pattern 30 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 112.23 level.
AUDJPY M15
Double Top
The Double Top reversal pattern has been formed on AUDJPY M15. Characteristics: the upper boundary 112.84; the lower boundary 112.53; the width of the pattern is 30 points. Sell trades are better to be opened below the lower boundary 112.53 with a possible movements towards the 112.31 level.