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Bullish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.9127 and 1.9108 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 19 pips. Outlook: If the upper border 1.9127 is broken, the price is likely to continue its move by 1.9134.
Bullish Symmetrical Triangle
According to the chart of M15, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 163.23 and 163.04 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 19 pips. Outlook: If the upper border 163.23 is broken, the price is likely to continue its move by 163.35.
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Triple Top
On the chart of the EURCAD 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 1.6089, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 5 points.
Head and Shoulders
The AUDUSD H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.7027, the Neckline and the upward angle are at 0.6994/0.6997. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of AUDUSD will go towards 0.6957.
Bullish Rectangle
According to the chart of M15, SILVER formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 59.42 – 59.42 and upper border 59.94 – 59.94. In case the upper border is broken, the instrument is likely to follow the upward trend.
