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

According to the chart of M15, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0784/2.0802 and upper border is 2.0822/2.0802. The pattern width is measured on the chart at -38 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 2.0780.

The Double Bottom pattern has been formed on GBPAUD M30. Characteristics: the support level 2.0784; the resistance level 2.0839; the width of the pattern 55 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 52 points.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 2.0810 is likely to encourage a continuation of the downward trend.

The Double Top pattern has been formed on GBPAUD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0846 is broken, the downward movement will continue.

According to the chart of M5, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 2.0869 while the median line of the Neck is found at 2.0832/2.0830. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPAUD will go towards 2.0815.