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Actual patterns
Double Top
The Double Top pattern has been formed on NZDUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5704 is broken, the downward movement will continue.
Bullish Symmetrical Triangle
According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.6534 and 0.6527 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 7 pips. Outlook: If the upper border 0.6534 is broken, the price is likely to continue its move by 0.6546.
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of GBPJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 206.84/206.89 after the right shoulder has been formed. So, the trend is set to change with the price heading for 206.74.
Triple Top
On the chart of the AUDJPY M30 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 101.79, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 20 points.
Double Top
The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3248; the lower boundary 1.3238; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 1.3238 with a possible movements towards the 1.3223 level.