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Actual patterns
Double Top
The Double Top pattern has been formed on NZDCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4629 is broken, the downward movement will continue.
Bearish Rectangle
According to the chart of M30, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 108.21, the lower border is 107.80. The signal means that a short position should be opened after fixing a price below the lower border 107.80 of the Bearish Rectangle.
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Double Bottom
The Double Bottom pattern has been formed on AUDCAD M5; the upper boundary is 0.9637; the lower boundary is 0.9629. The width of the pattern is 7 points. In case of a break of the upper boundary 0.9637, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
Bullish Rectangle
According to the chart of M5, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6046, the lower border is 0.6038. The signal means that a long position should be opened above the upper border 0.6046 of the Bullish Rectangle.
Bearish Rectangle
According to the chart of M15, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 107.80 – 107.80 and upper border 108.21 – 108.21. In case the lower border is broken, the instrument is likely to follow the downward trend.