FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Bottom
The Double Bottom pattern has been formed on GBPCHF M15. Characteristics: the support level 1.1371; the resistance level 1.1388; the width of the pattern 17 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 17 points.
Double Top
The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.1426; the lower boundary 1.1418; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 1.1418 with a possible movements towards the 1.1395 level.
Double Top
The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1418 is broken, the downward movement will continue.
Bearish Symmetrical Triangle
According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1374 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -29 pips.
Triple Top
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 1.1404, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 8 points.
