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

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9171; the resistance level 1.9192; the width of the pattern 21 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 20 points.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9170; the resistance level 1.9182; the width of the pattern 12 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 11 points.

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 1.9203 is broken. The further movements will rely on the width of the current pattern 21 points.

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 1.9216 - 0.0000 and support 1.9179 – 1.9179. In case the resistance level 1.9179 - 1.9179 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9275; the resistance level 1.9285; the width of the pattern 10 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 11 points.