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

According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.8834, the lower border is 1.8817. The signal means that a short position should be opened after fixing a price below the lower border 1.8817 of the Bearish Rectangle.

On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8786; the lower boundary 1.8778; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8763 level.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8840/1.8856 and upper border is 1.8870/1.8856. The pattern width is measured on the chart at -30 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 1.8841.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.8836/1.8854 whereas the upper border goes across 1.8875/1.8854. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPAUD will breach the upper border to head for 1.8869.

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 1.8875 is broken. The further movements will rely on the width of the current pattern 36 points.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.8850 and 1.8839 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 11 pips. Outlook: If the upper border 1.8850 is broken, the price is likely to continue its move by 1.8859.

The GBPAUD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.8904, the Neckline and the upward angle are at 1.8820/1.8833. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPAUD will go towards 1.8803.

The GBPAUD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.8904, the Neckline and the upward angle are at 1.8820/1.8833. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPAUD will go towards 1.8810.

The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8820 is broken, the downward movement will continue.

The Double Top pattern has been formed on GBPAUD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8652 is broken, the downward movement will continue.