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

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPAUD M5. Forecast: if the price breaks above the pattern high at 1.9588, then traders will be able to place a long deal with the target at 1.9603.

The Bullish pennant graphic pattern has formed on the GBPAUD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 1.9603.

The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 1.9526; the lower boundary is 1.9502. The width of the pattern is 23 points. In case of a break of the upper boundary 1.9526, 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. Characteristics: the support level 1.9504; the resistance level 1.9523; the width of the pattern 19 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 20 points.

According to M5, GBPAUD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.9540/1.9543 is broken out, the instrument is likely to move toward 1.9558.

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 1.9585/1.9576.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPAUD M5. Forecast: if the price breaks above the pattern high at 1.9574, then traders will be able to place a long deal with the target at 1.9589.

The Bullish pennant signal – Trading instrument GBPAUD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.9574, with the prospect of the next move being a projection of the flagpole height.

The technical pattern called Head and Shoulders has appeared on the chart of GBPAUD M30. There are weighty reasons to suggest that the price will surpass the Neckline 1.9490/1.9505 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.9475.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.9505/1.9517 and upper border is 1.9534/1.9517. The pattern width is measured on the chart at -29 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 1.9502.