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The Double Bottom pattern has been formed on AUDUSD M5. 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 0.7188 is broken. The further movements will rely on the width of the current pattern 11 points.

According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.7102/0.7128 whereas the upper border goes across 0.7148/0.7128. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDUSD will breach the upper border to head for 0.7150.

According to the chart of M30, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.7102/0.7128 whereas the upper border goes across 0.7148/0.7128. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDUSD will breach the upper border to head for 0.7158.

The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.7088; the lower boundary is 0.7078. The width of the pattern is 10 points. In case of a break of the upper boundary 0.7088, 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.

The Double Top reversal pattern has been formed on AUDUSD M15. Characteristics: the upper boundary 0.7087; the lower boundary 0.7078; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.7078 with a possible movements towards the 0.7056 level.