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The Double Bottom pattern has been formed on AUDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 96.95 is broken. The further movements will rely on the width of the current pattern 14 points.

The AUDJPY M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 97.37, the Neckline and the upward angle are at 97.06/97.10. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of AUDJPY will go towards 96.88.

The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 97.28 is broken, the downward movement will continue.

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 97.27/97.16 whereas the lower border goes across 97.01/97.16. The pattern width is measured on the chart at 26 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 97.16 is broken, the price could continue its move toward 97.39.

The Bullish pennant signal – Trading instrument AUDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 97.08, with the prospect of the next move being a projection of the flagpole height.