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Double Bottom
The Double Bottom pattern has been formed on AUDCHF 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 0.5250 is broken. The further movements will rely on the width of the current pattern 13 points.
Bullish Rectangle
According to the chart of H1, GBPAUD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0859, the lower border is 2.0802. The signal means that a long position should be opened above the upper border 2.0859 of the Bullish Rectangle.
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Bullish Rectangle
According to the chart of M30, GBPAUD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0859 and support 2.0802. In case the resistance level 2.0859 - 2.0859 is broken, the instrument is likely to follow the bullish trend.
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0804; the resistance level 2.0859; the width of the pattern 55 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 57 points.
Bearish Symmetrical Triangle
According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 87.01 is likely to encourage a continuation of the downward trend.
