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Actual patterns
Double Top
The Double Top pattern has formed on the AUDCAD M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.9832 is likely to confirm further downward movement.
Triple Bottom
The Triple Bottom pattern has formed on the chart of AUDCAD H1. The lower boundary is at 0.9812, while the upper boundary is at 0.9842/0.9839. The projected width is 32 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.9842 is broken, the price is likely to continue upward.
Bullish Rectangle
The Bullish Rectangle has formed on the AUDCAD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 0.9839 and its lower boundary is at 0.9829. A long position may be considered after the price breaks above the upper boundary at 0.9839 of the Bullish Rectangle.
Triple Bottom
The Triple Bottom pattern has formed on the chart of AUDCAD M30. The lower boundary is at 0.9810, while the upper boundary is at 0.9842/0.9831. The projected width is 29 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.9842 is broken, the price is likely to continue upward.
Double Bottom
The Double Bottom pattern has formed on the AUDCAD H1 chart. Its upper boundary is at 0.9842, its lower boundary is at 0.9813, and its width is 27 points. A break above the upper boundary at 0.9842 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.