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Actual patterns
Double Top
The Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 93.88; the lower boundary 93.64; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 93.64 with a possible movements towards the 93.34 level.
Bullish Rectangle
According to the chart of M5, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 93.74 and support 93.56. In case the resistance level 93.74 - 93.74 is broken, the instrument is likely to follow the bullish trend.
Double Top
On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 93.74; the lower boundary 93.56; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 93.41 level.
Triple Top
The Triple Top pattern has formed on the chart of the NZDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -4, support level -6, and pattern’s width 12. Forecast If the price breaks through the support level 93.58, it is likely to move further down to 93.58.
Bullish Flag
The Bullish Flag pattern has been formed on the chart NZDJPY M5 which signals that the upward trend will continue. Signals: а break of the peak at 93.05 may push the price higher, and the rise will be the projection of the pole.