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

The Bearish pennant pattern has formed on the GBPAUD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 2.0468; the projection of the flagpole height is equal to 20 pips. In case the price breaks out the pattern’s bottom of 2.0468, the downtrend is expected to continue for further level 2.0453.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0545/2.0529 whereas the lower border goes across 2.0512/2.0529. The pattern width is measured on the chart at 33 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2.0529 is broken, the price could continue its move toward 2.0544.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 2.0501 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -51 pips.

The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0515; the resistance level 2.0532; the width of the pattern 17 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 17 points.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0515; the resistance level 2.0532; the width of the pattern 17 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 17 points.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0542; the lower boundary is 2.0523. The width of the pattern is 18 points. In case of a break of the upper boundary 2.0542, 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 2.0538, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 20 points.

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 2.0597 is broken. The further movements will rely on the width of the current pattern 14 points.

According to the chart of M15, GBPAUD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 2.0596 – 2.0596 and upper border 2.0630 – 2.0630. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of GBPAUD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0627; the lower boundary 2.0599; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2.0577 level.