FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0618/1.0626 whereas the upper border goes across 1.0632/1.0626. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPCHF will breach the upper border to head for 1.0641.

The Triple Bottom pattern has formed on the chart of GBPCHF M30. Features of the pattern: The lower line of the pattern has coordinates 1.0652 with the upper limit 1.0652/1.0614, the projection of the width is 43 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.0609, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of the GBPCHF M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.0652/1.0614.

The Double Bottom pattern has been formed on GBPCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.0708 is broken. The further movements will rely on the width of the current pattern 15 points.

The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0691; the resistance level 1.0697; the width of the pattern 6 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 6 points.