2018-10-18 Double Bottom GBPCHF M15

The Double Bottom pattern has been formed on GBPCHF M15; the upper boundary is 1.2975; the lower boundary is 1.2954. The width of the pattern is 20 points. In case of a break of the upper boundary 1.2975, 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.

2018-10-18 Double Bottom GBPUSD M15

The Double Bottom pattern has been formed on GBPUSD M15. Characteristics: the support level 1.3015; the resistance level 1.3037; the width of the pattern 22 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 22 points.

2018-10-18 Triple Bottom GBPUSD M5

The Triple Bottom pattern has been formed on GBPUSD M5. It has the following characteristics: resistance level 1.3037/1.3025; support level 1.3015/1.3015; the width is 22 points. In the event of a breakdown of the resistance level of 1.3037, the price is likely to continue an upward movement at least to 1.3034.

2018-10-18 Bearish Symmetrical Triangle USDCHF M5

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9962 is likely to encourage a continuation of the downward trend.