FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Inverse Head and Shoulder
According to the chart of M5, GBPAUD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.9094 while the median line of the Neck is set at 1.9119/1.9115. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPAUD will go towards 1.9130.
Triple Bottom
The Triple Bottom pattern has formed on the chart of GBPAUD M5. Features of the pattern: The lower line of the pattern has coordinates 1.9135 with the upper limit 1.9135/1.9129, the projection of the width is 17 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.9118, the price is most likely to continue the upward movement.
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9118; the resistance level 1.9135; the width of the pattern 17 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.
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.9097; the lower boundary is 1.9080. The width of the pattern is 16 points. In case of a break of the upper boundary 1.9097, 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 Top
The Triple Top pattern has formed on the chart of the GBPAUD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.9092/1.9097 with the upper limit 1.9122/1.9118; the projection of the width is 30 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 1.9092, the price is most likely to continue the downward movement.
