FX.co ★ GBPCHF M5: Double Bottom

The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.1120; the lower boundary is 1.1113. The width of the pattern is 7 points. In case of a break of the upper boundary 1.1120, 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.