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

GBPCHF M5

Double Top
The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.2183; the lower boundary 1.2173; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 1.2173 with a possible movements towards the 1.2158 level.
2021-01-26

GBPCHF M15

Bullish Symmetrical Triangle
According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.2149 and 1.2130 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 19 pips. Outlook: If the upper border 1.2149 is broken, the price is likely to continue its move by 1.2162 pips.
2021-01-26

GBPCHF M5

Double Top
On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.2130; the lower boundary 1.2123; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.2108 level.
2021-01-25

GBPCHF H1

Double Top
The Double Top pattern has been formed on GBPCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2127 is broken, the downward movement will continue.
2021-01-21

GBPCHF M5

Bullish Symmetrical Triangle
According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.2165/1.2176 whereas the upper border goes across 1.2192/1.2176. 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 1.2191.
2021-01-21

GBPCHF M5

Bullish Rectangle
According to the chart of M5, GBPCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.2183, the lower border is 1.2168. The signal means that a long position should be opened above the upper border 1.2183 of the Bullish Rectangle.
2021-01-21

GBPCHF M5

Double Bottom
The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.2173; the lower boundary is 1.2159. The width of the pattern is 13 points. In case of a break of the upper boundary 1.2173, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
2021-01-20

GBPCHF M15

Triple Top
On the chart of the GBPCHF M15 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 1.2104, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 points.
2021-01-20

GBPCHF M5

Triple Top
The Triple Top pattern has formed on the chart of the GBPCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.2108/1.2110 with the upper limit 1.2117/1.2117; the projection of the width is 9 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.2108, the price is most likely to continue the downward movement.
2021-01-19

GBPCHF M5

Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of GBPCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 1.2096/1.2095 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.2080.
2021-01-18