FX.co ★ Patterns GBPAUD | British Pound (GBP) to Australian Dollar (AUD) Rate in the Forex market

The Triple Bottom pattern has formed on the chart of the GBPAUD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0879/2.0852.

The Double Bottom pattern has been formed on GBPAUD M15. 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 2.0852 is broken. The further movements will rely on the width of the current pattern 36 points.

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 2.0852/2.0833.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0820; the resistance level 2.0833; the width of the pattern 13 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 14 points.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0852; the lower boundary is 2.0820. The width of the pattern is 34 points. In case of a break of the upper boundary 2.0852, 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.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 2.0816 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0848; the lower boundary is 2.0818. The width of the pattern is 32 points. In case of a break of the upper boundary 2.0848, 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.

On the chart of the GBPAUD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 2.0837, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 18 points.

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 2.0810 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0860; the lower boundary is 2.0850. The width of the pattern is 11 points. In case of a break of the upper boundary 2.0860, 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.