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

According to the chart of H1, GBPCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.0562 while the median line of the Neck is set at 1.0595/1.0593. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPCHF will go towards 1.0633.

According to the chart of M15, GBPCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.0585 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -40 pips.

The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.0620; the lower boundary 1.0599; the width of the pattern is 21 points. Sell trades are better to be opened below the lower boundary 1.0599 with a possible movements towards the 1.0576 level.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0620 and 1.0598 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 22 pips. Outlook: If the upper border 1.0620 is broken, the price is likely to continue its move by 1.0624.

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 1.0598 is broken, the downward movement will continue.