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

The Double Top reversal pattern has been formed on GBPCHF D1. Characteristics: the upper boundary 1.0776; the lower boundary 1.0360; the width of the pattern is 398 points. Sell trades are better to be opened below the lower boundary 1.0360 with a possible movements towards the 1.0320 level.

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 1.0687 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -22 pips.

The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.0705; the lower boundary is 1.0696. The width of the pattern is 8 points. In case of a break of the upper boundary 1.0705, 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.

The Bearish Flag pattern has been formed on the chart GBPCHF M15 which signals that the downward trend will continue. If the price breaks below the low at 1.0697, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).

According to the chart of M5, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0697 – 1.0697 and upper border 1.0705 – 1.0705. In case the lower border is broken, the instrument is likely to follow the downward trend.