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Actual patterns
Head and Shoulders
The Head and Shoulders pattern has formed on the GBPCHF M5 chart. The head high is at 1.0961, while the neckline passes through 1.0935/1.0938. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.
Bullish Rectangle
The Bullish Rectangle has formed on the GBPCHF M5 chart. This is a trend continuation pattern bounded by the lower boundary at 1.0935–1.0935 and the upper boundary at 1.0949–1.0949. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
Double Top
The Double Top reversal pattern has formed on the GBPCHF D1 chart. Its upper boundary is at 1.1005, its lower boundary is at 1.0837, and its width is 168 points. A break below the lower boundary is likely to confirm further downward movement toward 1.0797.
Double Top
The Double Top reversal pattern has formed on the GBPCHF D1 chart. Its upper boundary is at 1.1008, its lower boundary is at 1.0837, and its width is 168 points. A short position may be considered below the lower boundary at 1.0837, with a potential target at 1.0797.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the GBPCHF M15 chart. A break below the lower boundary at 1.0894 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 47 points.