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Actual patterns
Bullish Rectangle
The Bullish Rectangle has formed on the USDCHF M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 0.8080 and its lower boundary is at 0.8073. A long position may be considered after the price breaks above the upper boundary at 0.8080 of the Bullish Rectangle.
Double Top
The Double Top pattern has formed on the USDCHF M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.8051 is likely to confirm further downward movement.
Bearish Rectangle
The Bearish Rectangle has formed on the USDCHF M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 0.8095 and its lower boundary is at 0.8083. A short position may be considered once the price closes below the lower boundary at 0.8083 of the Bearish Rectangle.
Triple Bottom
The Triple Bottom pattern has formed on the chart of USDCHF M5. The lower boundary is at 0.8083, while the upper boundary is at 0.8099/0.8095. The projected width is 16 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.8099 is broken, the price is likely to continue upward.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the USDCHF M5 chart. A break below the lower boundary at 0.8121 is likely to signal a continuation of the downtrend.