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The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.1767; the lower boundary is 1.1756. The width of the pattern is 11 points. In case of a break of the upper boundary 1.1767, 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.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9756/0.9765 and upper border is 0.9771/0.9765. The pattern width is measured on the chart at -15 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 AUDCAD breaches the lower border, the price could continue its move toward 0.9750.

The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 214.97; the lower boundary 214.88; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 214.88 with a possible movements towards the 214.73 level.

The Double Bottom pattern has been formed on GBPCHF 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 1.0534 is broken. The further movements will rely on the width of the current pattern 11 points.

The Bullish pennant signal – Trading instrument GBPCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.0538, with the prospect of the next move being a projection of the flagpole height.