FX.co ★ GBPCHF H1: Double Bottom

The Double Bottom pattern has been formed on GBPCHF H1; the upper boundary is 1.0499; the lower boundary is 1.0457. The width of the pattern is 42 points. In case of a break of the upper boundary 1.0499, 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.