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

According to M30, GBPAUD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.8841/1.8841 is broken out, the instrument is likely to move toward 1.8871.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8857; the lower boundary is 1.8850. The width of the pattern is 8 points. In case of a break of the upper boundary 1.8857, 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 Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.8886; the lower boundary 1.8879; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 1.8879 with a possible movements towards the 1.8864 level.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8904; the lower boundary is 1.8883. The width of the pattern is 22 points. In case of a break of the upper boundary 1.8904, 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 Triple Top pattern has formed on the chart of the GBPAUD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.8844/1.8870 with the upper limit 1.8910/1.8905; the projection of the width is 66 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.8844, the price is most likely to continue the downward movement.

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 1.8864 is broken, the downward movement will continue.

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.