The Double Bottom pattern has been formed on GBPCHF M30. 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 1.0595 is broken. The further movements will rely on the width of the current pattern 7 points. FX.co ★ GBPCHF M30: Double Bottom
Signal strength 3 of 5
GBPCHF M30: Double Bottom
The Double Bottom pattern has been formed on GBPCHF M30. 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 1.0595 is broken. The further movements will rely on the width of the current pattern 7 points. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade