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

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 1.8725 is broken, the downward movement will continue.

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 1.8765 is broken. The further movements will rely on the width of the current pattern 16 points.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8757; the lower boundary is 1.8749. The width of the pattern is 7 points. In case of a break of the upper boundary 1.8757, 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 M15, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.8852/1.8816 whereas the lower border goes across 1.8770/1.8816. The pattern width is measured on the chart at 82 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.8816 is broken, the price could continue its move toward 1.8838.

According to the chart of M30, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.8852/1.8817 whereas the lower border goes across 1.8770/1.8817. The pattern width is measured on the chart at 82 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.8817 is broken, the price could continue its move toward 1.8847.

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 1.8736 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -153 pips.

The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 1.8818/1.8812; support level 1.8805/1.8801; the width is 13 points. In the event of a breakdown of the resistance level of 1.8818, the price is likely to continue an upward movement at least to 1.8816.

On the chart of the GBPAUD M15 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 1.8811, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 32 points.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.8797; the resistance level 1.8814; 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 16 points.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8841; the lower boundary is 1.8831. The width of the pattern is 11 points. In case of a break of the upper boundary 1.8841, 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.