2019-08-20 Bullish Rectangle USDJPY M5

According to the chart of M5, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 106.38 - 0.00 and support 106.30 – 106.30. In case the resistance level 106.30 - 106.30 is broken, the instrument is likely to follow the bearish trend.

2019-08-20 Bullish Rectangle AUDCHF M5

According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6638 - 0.0000 and support 0.6629 – 0.6629. In case the resistance level 0.6629 - 0.6629 is broken, the instrument is likely to follow the bearish trend.

2019-08-20 Double Bottom GBPJPY M5

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 128.48; the resistance level 128.68; the width of the pattern 20 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 19 points.

2019-08-20 Double Bottom GBPCHF M5

The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.1849; the lower boundary is 1.1831. The width of the pattern is 18 points. In case of a break of the upper boundary 1.1849, 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.