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FX.co ★ GBPCHF M5: Double Bottom

GBPCHF M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.1247; the lower boundary is 1.1237. The width of the pattern is 11 points. In case of a break of the upper boundary 1.1247, 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 M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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