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The GBPCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.1509, the Neckline and the upward angle are at 1.1488/1.1490. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPCHF will go towards 1.1475.

On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1509; the lower boundary 1.1501; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1486 level.

The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.1486; the lower boundary 1.1478; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 1.1478 with a possible movements towards the 1.1456 level.

According to the chart of M5, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1440 while the median line of the Neck is found at 1.1436/1.1436. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPCHF will go towards 1.1421.

The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.1436; the lower boundary 1.1423; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 1.1423 with a possible movements towards the 1.1408 level.

On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1436; the lower boundary 1.1423; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1401 level.

The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.1421; the lower boundary 1.1383; the width of the pattern is 39 points. Sell trades are better to be opened below the lower boundary 1.1383 with a possible movements towards the 1.1360 level.

The Double Top pattern has been formed on GBPCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1383 is broken, the downward movement will continue.

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 1.1411, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 10 points.

According to the chart of M30, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1433/1.1410 whereas the lower border goes across 1.1393/1.1410. The pattern width is measured on the chart at 40 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1410 is broken, the price could continue its move toward 1.1440.