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The Double Bottom pattern has been formed on GBPCHF M30; the upper boundary is 1.1236; the lower boundary is 1.1175. The width of the pattern is 58 points. In case of a break of the upper boundary 1.1236, 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. FX.co ★ GBPCHF M30: Double Bottom
Signal strength 3 of 5
GBPCHF M30: Double Bottom
The Double Bottom pattern has been formed on GBPCHF M30; the upper boundary is 1.1236; the lower boundary is 1.1175. The width of the pattern is 58 points. In case of a break of the upper boundary 1.1236, 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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade