FX.co ★ Patterns GBPCHF | British Pound (GBP) to Swiss Franc (CHF) Rate in the Forex market

The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.1280; the lower boundary 1.1268; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 1.1268 with a possible movements towards the 1.1238 level.

The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.1280; the lower boundary 1.1268; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 1.1268 with a possible movements towards the 1.1245 level.

According to the chart of M30, GBPCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1260 and support 1.1245. In case the resistance level 1.1260 - 1.1260 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, GBPCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1260 and support 1.1245. In case the resistance level 1.1260 - 1.1260 is broken, the instrument is likely to follow the bullish trend.

The Triple Top pattern has formed on the chart of the GBPCHF M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 2, support level -2, and pattern’s width 10. Forecast If the price breaks through the support level 1.1248, it is likely to move further down to 1.1235.

According to the chart of M30, GBPCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1237 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -24 pips.

The Double Bottom pattern has been formed on GBPCHF M30. Characteristics: the support level 1.1232; the resistance level 1.1244; the width of the pattern 12 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 12 points.

The Triple Bottom pattern has formed on the chart of GBPCHF M15. Features of the pattern: The lower line of the pattern has coordinates 1.1244 with the upper limit 1.1244/1.1241, the projection of the width is 12 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 1.1232, the price is most likely to continue the upward movement.

According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.1232/1.1239 and upper border is 1.1246/1.1239. The pattern width is measured on the chart at -14 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPCHF breaches the lower border, the price could continue its move toward 1.1224.

According to the chart of M5, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1244, the lower border is 1.1232. The signal means that a short position should be opened after fixing a price below the lower border 1.1232 of the Bearish Rectangle.