FX.co ★ Modèles réels. Analyse technique et recommandations de trading

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 2.0039/2.0037.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0024/2.0032 and upper border is 2.0040/2.0032. The pattern width is measured on the chart at -16 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPAUD breaches the lower border, the price could continue its move toward 2.0017.

According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0039, the lower border is 2.0024. The signal means that a short position should be opened after fixing a price below the lower border 2.0024 of the Bearish Rectangle.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 2.0124 and 2.0079 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 45 pips. Outlook: If the upper border 2.0124 is broken, the price is likely to continue its move by 2.0117.

The Triple Bottom pattern has formed on the chart of GBPAUD M5. Features of the pattern: The lower line of the pattern has coordinates 2.0105 with the upper limit 2.0105/2.0098, the projection of the width is 12 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 2.0093, the price is most likely to continue the upward movement.