FX.co ★ EURCHF H1: Double Bottom
Signal strength 4 of 5
EURCHF H1: Double Bottom
The Double Bottom pattern has been formed on EURCHF H1. 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 1.0895 is broken. The further movements will rely on the width of the current pattern 9 points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade