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Bullish Symmetrical Triangle
According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9602 and 0.9567 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 35 pips. Outlook: If the upper border 0.9602 is broken, the price is likely to continue its move by 0.9602.
Bullish Rectangle
According to the chart of M5, GBPAUD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.9391, the lower border is 1.9360. The signal means that a long position should be opened above the upper border 1.9391 of the Bullish Rectangle.
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Double Bottom
The Double Bottom pattern has been formed on GBPCHF M30; the upper boundary is 1.0576; the lower boundary is 1.0493. The width of the pattern is 81 points. In case of a break of the upper boundary 1.0576, 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.
Bullish Rectangle
According to the chart of M30, GBPUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.3585 – 1.3585 and upper border 1.3627 – 1.3627. In case the upper border is broken, the instrument is likely to follow the upward trend.
Bearish Flag
The Bearish Flag pattern has been formed on the chart AUDCAD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.9568, traders should enter the market.