FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Double Bottom
The Double Bottom pattern has formed on the GBPAUD M5 chart. Its support is at 1.8761, its resistance is at 1.8800, and its width is 39 points. A break above resistance may confirm a trend reversal, with the first target projected 42 points away.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the GBPAUD H1 chart. A break below the lower boundary at 1.8746 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 67 points.
Double Bottom
The Double Bottom pattern has formed on the GBPAUD M15 chart. Its upper boundary is at 1.8772, its lower boundary is at 1.8754, and its width is 19 points. A break above the upper boundary at 1.8772 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the GBPAUD M30 chart. Its lower boundary passes through 1.8746/1.8777, while its upper boundary passes through 1.8818/1.8777. The pattern width is 72 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPAUD breaks below the lower boundary, the price could move toward 1.8747.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the GBPAUD M15 chart. Its lower boundary passes through 1.8746/1.8777, while its upper boundary passes through 1.8818/1.8777. The pattern width is 72 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPAUD breaks below the lower boundary, the price could move toward 1.8755.