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FX.co ★ USDCHF M15: Double Bottom

USDCHF M15: Double Bottom

Double BottomThe Double Bottom pattern has formed on the USDCHF M15 chart. Its upper boundary is at 0.8059, its lower boundary is at 0.8039, and its width is 21 points. A break above the upper boundary at 0.8059 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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