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

The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 1.8880/1.8875; support level 1.8860/1.8860; the width is 20 points. In the event of a breakdown of the resistance level of 1.8880, the price is likely to continue an upward movement at least to 1.8876.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8880; the lower boundary is 1.8861. The width of the pattern is 20 points. In case of a break of the upper boundary 1.8880, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on GBPAUD M5. 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 1.8872 is broken. The further movements will rely on the width of the current pattern 12 points.

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.8865; the lower boundary 1.8834; the width of the pattern is 30 points. Sell trades are better to be opened below the lower boundary 1.8834 with a possible movements towards the 1.8819 level.

The Double Bottom pattern has been formed on GBPAUD M5. 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 1.9021 is broken. The further movements will rely on the width of the current pattern 9 points.