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Actual patterns
Double Bottom
The Double Bottom pattern has formed on the GBPUSD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 1.3329. The projected move is based on the pattern width of 25 points.
Inverse Head and Shoulders
The Inverse Head and Shoulders pattern has formed on the EURGBP M5 chart. The head low is at 0.8360, while the neckline passes through 0.8368/0.8366. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.
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Double Bottom
The Double Bottom pattern has formed on the GOLD M5 chart. Its support is at 4021.65, its resistance is at 4037.27, and its width is 1562 points. A break above resistance may confirm a trend reversal, with the first target projected 1523 points away.
Double Bottom
The Double Bottom pattern has formed on the NZDCAD H1 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.7898. The projected move is based on the pattern width of 51 points.
Double Bottom
The Double Bottom pattern has formed on the EURJPY M15 chart. Its upper boundary is at 175.86, its lower boundary is at 175.72, and its width is 15 points. A break above the upper boundary at 175.86 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.