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

According to the chart of M15, GBPCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1077, the lower border is 1.1054. The signal means that a long position should be opened above the upper border 1.1077 of the Bullish Rectangle.

According to the chart of M5, GBPCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1078 and support 1.1054. In case the resistance level 1.1078 - 1.1078 is broken, the instrument is likely to follow the bullish trend.

On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1077; the lower boundary 1.1056; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1034 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 1.1056 is broken, the downward movement will continue.

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 1.1029 is broken. The further movements will rely on the width of the current pattern 10 points.