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

The Triple Bottom pattern has formed on the chart of GBPCHF M15. Features of the pattern: The lower line of the pattern has coordinates 1.0727 with the upper limit 1.0727/1.0719, the projection of the width is 45 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 1.0682, the price is most likely to continue the upward movement.

The Bearish Flag pattern has been formed on the chart GBPCHF M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 1.0670, traders should enter the market.

The Bearish pennant pattern has formed on the GBPCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0670; the projection of the flagpole height is equal to 49 pips. In case the price breaks out the pattern’s bottom of 1.0670, the downtrend is expected to continue for further level 1.0647.

The Triple Bottom pattern has formed on the chart of GBPCHF M5. Features of the pattern: The lower line of the pattern has coordinates 1.0724 with the upper limit 1.0724/1.0706, the projection of the width is 31 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 1.0693, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of GBPCHF M5. Features of the pattern: The lower line of the pattern has coordinates 1.0727 with the upper limit 1.0727/1.0724, the projection of the width is 45 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 1.0682, the price is most likely to continue the upward movement.

The Bearish Flag pattern has been formed on the chart GBPCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 1.0692, traders should enter the market.

The Bearish pennant pattern has formed on the GBPCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0692; the projection of the flagpole height is equal to 32 pips. In case the price breaks out the pattern’s bottom of 1.0692, the downtrend is expected to continue for further level 1.0677.

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 1.0858 is broken. The further movements will rely on the width of the current pattern 17 points.

According to the chart of M5, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0951 - 0.0000 and support 1.0929 – 1.0929. In case the resistance level 1.0929 - 1.0929 is broken, the instrument is likely to follow the bearish trend.

On the chart of the GBPCHF M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.0941, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 39 points.