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

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.8932 and 1.8892 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 40 pips. Outlook: If the upper border 1.8932 is broken, the price is likely to continue its move by 1.8924.

On the chart of GBPAUD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8873; the lower boundary 1.8828; the width of the pattern 45 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8798 level.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.8831 is likely to encourage a continuation of the downward trend.

On the chart of GBPAUD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8842; the lower boundary 1.8806; the width of the pattern 36 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8766 level.

The Double Top pattern has been formed on GBPAUD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8825 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.8837; the lower boundary 1.8827; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 1.8827 with a possible movements towards the 1.8812 level.

On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8837; the lower boundary 1.8806; the width of the pattern 31 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8791 level.

The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 1.8778; the lower boundary is 1.8738. The width of the pattern is 40 points. In case of a break of the upper boundary 1.8778, 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 M15; the upper boundary is 1.8778; the lower boundary is 1.8738. The width of the pattern is 40 points. In case of a break of the upper boundary 1.8778, 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 M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.8744 is likely to encourage a continuation of the downward trend.