FX.co ★ Patterns GBPCHF | British Pound (GBP) to Swiss Franc (CHF) Rate in the Forex market

The Double Top pattern has been formed on GBPCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1360 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.1390; the lower boundary 1.1374; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 1.1374 with a possible movements towards the 1.1344 level.

The Double Top pattern has been formed on GBPCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1374 is broken, the downward movement will continue.

On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1390; the lower boundary 1.1374; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1359 level.

The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.1394; the lower boundary 1.1296; the width of the pattern is 94 points. Sell trades are better to be opened below the lower boundary 1.1296 with a possible movements towards the 1.1266 level.

On the chart of the GBPCHF M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.1353, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 25 points.

The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.1325; the resistance level 1.1348; the width of the pattern 23 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 24 points.

On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1369; the lower boundary 1.1359; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1344 level.

The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.1328; the resistance level 1.1334; the width of the pattern 6 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 6 points.

The Triple Bottom pattern has formed on the chart of the GBPCHF M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.1357/1.1345.