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

According to the chart of M30, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 642.87, the lower border is 628.26. The signal means that a short position should be opened after fixing a price below the lower border 628.26 of the Bearish Rectangle.

According to the chart of M5, GBPAUD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.9128 while the median line of the Neck is set at 1.9165/1.9162. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPAUD will go towards 1.9177.

According to the chart of M5, #EBAY formed the Head and Shoulders pattern. The Head’s top is set at 83.13 while the median line of the Neck is found at 82.45/82.44. 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 #EBAY will go towards 82.29.

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 109.02 is broken, the downward movement will continue.

On the chart of the #PEP M5 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 163.36, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 93 points.

The technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 109.04/109.03 after the right shoulder has been formed. So, the trend is set to change with the price heading for 108.88.

The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 92.39 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the #AAPL M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 262.42/264.96 with the upper limit 266.21/265.91; the projection of the width is 379 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 262.42, the price is most likely to continue the downward movement.

According to the chart of M5, #KO formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 79.18, the lower border is 78.99. The signal means that a short position should be opened after fixing a price below the lower border 78.99 of the Bearish Rectangle.

The Double Bottom pattern has been formed on #KO M5; the upper boundary is 79.18; the lower boundary is 79.01. The width of the pattern is 19 points. In case of a break of the upper boundary 79.18, 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.