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Actual patterns
Double Top
The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 73.74 is broken, the downward movement will continue.
Inverse Head and Shoulder
According to the chart of M5, NZDJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 90.88 while the median line of the Neck is set at 91.13/91.10. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDJPY will go towards 91.25.
Bullish Symmetrical Triangle
According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3217/1.3234 whereas the upper border goes across 1.3253/1.3234. 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 GBPUSD will breach the upper border to head for 1.3249.
Double Bottom
The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 109.43; the resistance level 109.93; the width of the pattern 50 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 50 points.
Double Bottom
The Double Bottom pattern has been formed on NZDUSD M5. Characteristics: the support level 0.5733; the resistance level 0.5742; the width of the pattern 9 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 9 points.