FX.co ★ USDCHF M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of USDCHF M5. The lower boundary is at 0.8083, while the upper boundary is at 0.8099/0.8095. The projected width is 16 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 0.8099 is broken, the price is likely to continue upward.