FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bearish Rectangle
According to the chart of M15, GBPAUD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 2.0490 – 2.0490 and upper border 2.0516 – 2.0516. In case the lower border is broken, the instrument is likely to follow the downward trend.
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0540; the resistance level 2.0549; the width of the pattern 9 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 9 points.
Bearish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 2.0477 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -105 pips.
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0583; the lower boundary is 2.0565. The width of the pattern is 18 points. In case of a break of the upper boundary 2.0583, 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.
Triple Bottom
The Triple Bottom pattern has formed on the chart of the GBPAUD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0657/2.0604.
