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

The Bearish pennant pattern has formed on the GBPCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.1337 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

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.

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.

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.

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.