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

GBPCHF M30

Double Top
The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.2955; the lower boundary 1.2916; the width of the pattern is 36 points. Sell trades are better to be opened below the lower boundary 1.2916 with a possible movements towards the 1.2886 level.
2021-03-18

GBPCHF M15

Bullish Flag
The Bullish Flag pattern has been formed on the chart GBPCHF M15 which signals that the upward trend will continue. Signals: а break of the peak at 1.2955 may push the price higher, and the rise will be the projection of the pole.
2021-03-18

GBPCHF M15

Bullish pennant
The Bullish pennant signal – Trading instrument GBPCHF M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.2955, with the prospect of the next move being a projection of the flagpole height.
2021-03-18

GBPCHF M5

Bearish Symmetrical Triangle
According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.2848/1.2884 and upper border is 1.2922/1.2884. The pattern width is measured on the chart at -74 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPCHF breaches the lower border, the price could continue its move toward 1.
2021-03-17

GBPCHF M15

Bearish Rectangle
According to the chart of M15, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.2935 - 0.0000 and support 1.2900 – 1.2900. In case the resistance level 1.2900 - 1.2900 is broken, the instrument is likely to follow the bearish trend.
2021-03-12

GBPCHF M5

Double Top
On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.2930; the lower boundary 1.2900; the width of the pattern 30 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.2885 level.
2021-03-12

GBPCHF M5

Double Bottom
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 1.2923 is broken. The further movements will rely on the width of the current pattern 12 points.
2021-03-12

GBPCHF M5

Triple Top
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 1.2937, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 points.
2021-03-12

GBPCHF H1

Bullish Symmetrical Triangle
According to the chart of H1, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.2878/1.2926 whereas the upper border goes across 1.2968/1.2926. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPCHF will breach the upper border to head for 1.2966.
2021-03-11

GBPCHF M5

Double Top
On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.2952; the lower boundary 1.2935; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.2920 level.
2021-03-10