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

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.9369/1.9390 and upper border is 1.9406/1.9390. The pattern width is measured on the chart at -37 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 1.9375.

The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 1.9399; the resistance level 1.9422; the width of the pattern 23 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 22 points.

On the chart of GBPAUD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9479; the lower boundary 1.9437; the width of the pattern 42 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9414 level.

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 1.9414/1.9410.

The Double Bottom pattern has been formed on GBPAUD M30. Characteristics: the support level 1.9408; the resistance level 1.9436; the width of the pattern 28 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 27 points.