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Actual patterns
Double Top
The Double Top pattern has been formed on EURUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1779 is broken, the downward movement will continue.
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 87.71/87.71 after the right shoulder has been formed. So, the trend is set to change with the price heading for 87.56.
Double Top
The Double Top pattern has been formed on EURCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6040 is broken, the downward movement will continue.
Double Top
The Double Top pattern has been formed on NZDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8296 is broken, the downward movement will continue.
Double Top
The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.6057; the lower boundary 1.6040; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 1.6040 with a possible movements towards the 1.6025 level.
