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Actual patterns
Double Top
The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5364 is broken, the downward movement will continue.
Double Top
The Double Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4618 is broken, the downward movement will continue.
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Double Bottom
The Double Bottom pattern has been formed on GBPUSD M5. Characteristics: the support level 1.3774; the resistance level 1.3791; the width of the pattern 17 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 16 points.
Bullish Symmetrical Triangle
According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 107.08/106.74 whereas the lower border goes across 106.48/106.74. The pattern width is measured on the chart at 60 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 106.74 is broken, the price could continue its move toward 106.96.
Bearish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.9686/1.9703 and upper border is 1.9717/1.9703. The pattern width is measured on the chart at -31 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPAUD breaches the lower border, the price could continue its move toward 1.9688.