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The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8998; the lower boundary is 1.8965. The width of the pattern is 33 points. In case of a break of the upper boundary 1.8998, 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 which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.8994 – 1.8994 and upper border 1.9013 – 1.9013. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 1.8984 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 1.9000; the lower boundary is 1.8954. The width of the pattern is 46 points. In case of a break of the upper boundary 1.9000, 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 Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.8954 - 0.0000 and support 1.8932 – 1.8932. In case the resistance level 1.8932 - 1.8932 is broken, the instrument is likely to follow the bearish trend.

The Triple Bottom pattern has formed on the chart of GBPAUD M5. Features of the pattern: The lower line of the pattern has coordinates 1.8969 with the upper limit 1.8969/1.8950, the projection of the width is 27 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.8942, the price is most likely to continue the upward movement.

On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8999; the lower boundary 1.8987; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8972 level.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8940/1.8952 and upper border is 1.8966/1.8952. The pattern width is measured on the chart at -26 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 1.8937.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.9002/1.8989 whereas the lower border goes across 1.8972/1.8989. The pattern width is measured on the chart at 30 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.8989 is broken, the price could continue its move toward 1.9004.

The GBPAUD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.9013, the Neckline and the upward angle are at 1.8999/1.8999. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPAUD will go towards 1.8984.