FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.9204; the lower boundary 1.9183; the width of the pattern is 20 points. Sell trades are better to be opened below the lower boundary 1.9183 with a possible movements towards the 1.9168 level.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9136; the resistance level 1.9151; the width of the pattern 15 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 16 points.

The Triple Top pattern has formed on the chart of the GBPAUD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.9108/1.9136 with the upper limit 1.9148/1.9151; the projection of the width is 40 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.9108, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on GBPAUD M15. 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 1.9055 is broken. The further movements will rely on the width of the current pattern 21 points.

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 1.9055 is broken. The further movements will rely on the width of the current pattern 21 points.