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

GBPAUD M30

Bearish pennant
The Bearish pennant pattern has formed on the GBPAUD M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 1.7741, a trader will be able to successfully enter the sell position.
2022-12-01

GBPAUD M15

Bearish pennant
The Bearish pennant pattern has formed on the GBPAUD M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 1.7738, a trader will be able to successfully enter the sell position.
2022-12-01

GBPAUD M5

Bullish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.7759 and 1.7779 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at -20 pips. Outlook: If the upper border 1.7759 is broken, the price is likely to continue its move by 1.7774 pips.
2022-12-01

GBPAUD M30

Bearish Rectangle
According to the chart of M30, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.7727, the lower border is 1.7779. The signal means that a short position should be opened after fixing a price below the lower border 0.0000 of the Bearish Rectangle.
2022-12-01

GBPAUD M15

Bearish Rectangle
According to the chart of M15, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.7727, the lower border is 1.7779. The signal means that a short position should be opened after fixing a price below the lower border 0.0000 of the Bearish Rectangle.
2022-12-01

GBPAUD M15

Double Bottom
The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 1.7775; the lower boundary is 1.7727. The width of the pattern is 45 points. In case of a break of the upper boundary 1.7775, 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.
2022-12-01

GBPAUD M30

Double Bottom
The Double Bottom pattern has been formed on GBPAUD M30. 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 1.7775 is broken. The further movements will rely on the width of the current pattern 45 points.
2022-12-01

GBPAUD H1

Bearish Symmetrical Triangle
According to the chart of H1, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.7884/0.0000 and upper border is 1.7793/0.0000. The pattern width is measured on the chart at 91 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.
2022-11-30

GBPAUD M30

Bearish Symmetrical Triangle
According to the chart of M30, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.7883 is breached. Here, a hypothetical profit will equal the width of the available pattern that is 74 pips.
2022-11-30

GBPAUD M5

Inverse Head and Shoulder
According to the chart of M5, GBPAUD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.7828 while the median line of the Neck is found at 1.7793/1.7817. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GBPAUD will go towards 1.7843
2022-11-29