FX.co - Actual patterns. Instrument: GBPAUD: 23

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.

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Figure:

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Flag

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Double Top

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Timeframe:

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M5

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GBPAUD

GBPAUD M5

Bullish Rectangle

According to the chart of M5, GBPAUD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.9422 – 1.9422 and upper border 1.9476 – 1.9476. In case the upper border is broken, the instrument is likely to follow the upward trend.

2024-04-19T03:17:27

GBPAUD M5

Bearish Symmetrical Triangle

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.9306 is likely to encourage a continuation of the downward trend.

2024-04-18T07:53:44

GBPAUD M5

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 1.9346 is broken. The further movements will rely on the width of the current pattern 18 points.

2024-04-18T00:55:29

GBPAUD M5

Bearish Rectangle

According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.9386, the lower border is 1.9358. The signal means that a short position should be opened after fixing a price below the lower border 1.9358 of the Bearish Rectangle.

2024-04-17T05:50:39

GBPAUD M5

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 1.9385/1.9374.

2024-04-17T03:00:48

GBPAUD M5

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.9374; the lower boundary is 1.9358. The width of the pattern is 15 points. In case of a break of the upper boundary 1.9374, 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.

2024-04-17T02:55:20

GBPAUD M30

Head and Shoulders

According to the chart of M30, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 1.9453 while the median line of the Neck is found at 1.9377/1.9386. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPAUD will go towards 1.9356.

2024-04-16T23:00:29

GBPAUD M5

The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 1.9407/1.9395; support level 1.9386/1.9386; the width is 21 points. In the event of a breakdown of the resistance level of 1.9407, the price is likely to continue an upward movement at least to 1.9401.

2024-04-16T19:35:34

GBPAUD M5

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 1.9410 is broken. The further movements will rely on the width of the current pattern 20 points.

2024-04-16T17:30:28

GBPAUD M5

Bullish Rectangle

According to the chart of M5, GBPAUD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.9392 and support 1.9378. In case the resistance level 1.9392 - 1.9392 is broken, the instrument is likely to follow the bullish trend.

2024-04-16T10:15:24