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

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2024-05-17T14:40:22
rise fall
GBPAUD M5
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8998; the lower boundary is 1.8965. The width of the pattern is 33 points. In case of a break of the upper boundary 1.8998, 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.
2024-05-17T12:25:13
rise fall
GBPAUD M5
Bullish Rectangle
According to the chart of M5, GBPAUD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.8994 – 1.8994 and upper border 1.9013 – 1.9013. In case the upper border is broken, the instrument is likely to follow the upward trend.
2024-05-17T04:26:07
rise fall
GBPAUD M5
Double Top
The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8984 is broken, the downward movement will continue.
2024-05-17T00:30:21
rise fall
GBPAUD M15
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 1.9000; the lower boundary is 1.8954. The width of the pattern is 46 points. In case of a break of the upper boundary 1.9000, 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.
2024-05-15T22:48:16
rise fall
GBPAUD M15
Bearish Rectangle
According to the chart of M15, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.8954 - 0.0000 and support 1.8932 – 1.8932. In case the resistance level 1.8932 - 1.8932 is broken, the instrument is likely to follow the bearish trend.
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