FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Triple Top pattern has formed on the chart of the GBPCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.1122/1.1127 with the upper limit 1.1132/1.1132; the projection of the width is 10 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.1122, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on GBPCHF M15. Characteristics: the support level 1.1112; the resistance level 1.1122; the width of the pattern 10 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 9 points.

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.

According to the chart of M30, GBPCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1080 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -95 pips.

On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1152; the lower boundary 1.1113; the width of the pattern 39 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1091 level.