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

The Triple Top pattern has formed on the chart of the GBPAUD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 2.0741/2.0753 with the upper limit 2.0774/2.0781; the projection of the width is 33 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 2.0741, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on EURJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 162.97 is broken. The further movements will rely on the width of the current pattern 25 points.

The Double Bottom pattern has been formed on EURJPY M15. Characteristics: the support level 162.73; the resistance level 162.97; the width of the pattern 24 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 23 points.

According to the chart of M15, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.6399 is likely to encourage a continuation of the downward trend.

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 162.73 is likely to encourage a continuation of the downward trend.

According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.5603 is likely to encourage a continuation of the downward trend.

According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8943 - 0.0000 and support 0.8935 – 0.8935. In case the resistance level 0.8935 - 0.8935 is broken, the instrument is likely to follow the bearish trend.

The Triple Bottom pattern has been formed on NZDCHF M15. It has the following characteristics: resistance level 0.4912/0.4911; support level 0.4901/0.4902; the width is 11 points. In the event of a breakdown of the resistance level of 0.4912, the price is likely to continue an upward movement at least to 0.4924.

According to the chart of M15, #TSLA formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 332.24/342.17 whereas the upper border goes across 349.71/342.17. 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 #TSLA will breach the upper border to head for 342.39.

According to the chart of M15, #TSLA formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 332.24/342.17 whereas the upper border goes across 349.71/342.17. 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 #TSLA will breach the upper border to head for 342.39.