2019-05-27 Double Bottom GBPAUD M5

The Double Bottom pattern has been formed on GBPAUD 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 1.8305 is broken. The further movements will rely on the width of the current pattern 10 points.

2019-05-27 Head and Shoulders AUDCAD M15

According to the chart of M15, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.9320 while the median line of the Neck is found at 0.9301/0.9302. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDCAD will go towards 0.9280.

2019-05-27 Bullish Rectangle EURUSD M15

According to the chart of M15, EURUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1199 - 0.0000 and support 1.1190 – 1.1190. In case the resistance level 1.1190 - 1.1190 is broken, the instrument is likely to follow the bearish trend.

2019-05-27 Bearish Symmetrical Triangle AUDCHF M5

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6967 is breached. Here, a hypothetical profit will equal the width of the available pattern that is 13 pips.