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; the upper boundary is 1.9310; the lower boundary is 1.9273. The width of the pattern is 38 points. In case of a break of the upper boundary 1.9310, 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 Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.9391, the lower border is 1.9360. The signal means that a long position should be opened above the upper border 1.9391 of the Bullish Rectangle.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.9330/1.9357 and upper border is 1.9394/1.9357. The pattern width is measured on the chart at -64 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 1.9342.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9394; the resistance level 1.9430; the width of the pattern 36 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 37 points.

According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.9430, the lower border is 1.9394. The signal means that a short position should be opened after fixing a price below the lower border 1.9394 of the Bearish Rectangle.

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 1.9428 is broken. The further movements will rely on the width of the current pattern 32 points.

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 1.9477/1.9466.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.9477; the lower boundary is 1.9456. The width of the pattern is 21 points. In case of a break of the upper boundary 1.9477, 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 1.9503; the resistance level 1.9518; the width of the pattern 15 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. 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 1.9527 is broken. The further movements will rely on the width of the current pattern 36 points.