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

According to the chart of M30, GBPAUD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.9817 – 1.9817 and upper border 1.9872 – 1.9872. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M15, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.9872, the lower border is 1.9817. The signal means that a short position should be opened after fixing a price below the lower border 1.9817 of the Bearish Rectangle.

The Double Bottom pattern has been formed on GBPAUD M30. 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 1.9871 is broken. The further movements will rely on the width of the current pattern 54 points.

The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 1.9871; the lower boundary is 1.9819. The width of the pattern is 54 points. In case of a break of the upper boundary 1.9871, 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 H1. Characteristics: the support level 1.9936; the resistance level 2.0040; the width of the pattern 104 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 105 points.