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FX.co ★ GBPCHF M15: Double Bottom

GBPCHF M15: Double Bottom

Double BottomThe Double Bottom pattern has formed on the GBPCHF M15 chart. Its upper boundary is at 1.0920, its lower boundary is at 1.0915, and its width is 5 points. A break above the upper boundary at 1.0920 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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