FX.co ★ USDCHF M15: Triple Bottom

The Triple Bottom pattern has formed on the chart of USDCHF M15. The lower boundary is at 0.8044, while the upper boundary is at 0.8059/0.8050. The projected width is 20 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.8059 is broken, the price is likely to continue upward.