FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Triple Bottom
The Triple Bottom pattern has formed on the chart of the GBPAUD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0113/2.0106.
Triple Bottom
The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 2.0117/2.0113; support level 2.0096/2.0096; the width is 21 points. In the event of a breakdown of the resistance level of 2.0117, the price is likely to continue an upward movement at least to 2.0113.
Bearish Rectangle
According to the chart of M5, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0116 - 0.0000 and support 2.0100 – 2.0100. In case the resistance level 2.0100 - 2.0100 is broken, the instrument is likely to follow the bearish trend.
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M30. Characteristics: the support level 2.0115; the resistance level 2.0151; the width of the pattern 36 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 33 points.
Bearish Rectangle
According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0147, the lower border is 2.0131. The signal means that a short position should be opened after fixing a price below the lower border 2.0131 of the Bearish Rectangle.
