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

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 2.0135 is broken. The further movements will rely on the width of the current pattern 86 points.

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 2.0074 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on GBPAUD M15. Characteristics: the upper boundary 2.0066; the lower boundary 2.0050; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 2.0050 with a possible movements towards the 2.0027 level.

On the chart of the GBPAUD M5 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 2.0002, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 21 points.

According to the chart of M5, GBPAUD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0010, the lower border is 1.9983. The signal means that a long position should be opened above the upper border 2.0010 of the Bullish Rectangle.

According to the chart of M5, GBPAUD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0010, the lower border is 1.9983. The signal means that a long position should be opened above the upper border 2.0010 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 2.0008; the lower boundary 1.9984; the width of the pattern is 26 points. Sell trades are better to be opened below the lower boundary 1.9984 with a possible movements towards the 1.9969 level.

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 1.9984 – 1.9984 and upper border 2.0008 – 2.0008. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.9956; the lower boundary 1.9943; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 1.9943 with a possible movements towards the 1.9928 level.

According to the chart of M15, GBPAUD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.9793 while the median line of the Neck is set at 1.9844/1.9840. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPAUD will go towards 1.9863.