100 Pips Double Bottom in USD\CHF

A very precise Double Bottom chart pattern is now present at the USDCHF, at 1-hour chart. Size of the pattern is 100 pips which offers great potential for profits. Price is now struggling with the neckline and after it breaks price is expected to rise to 1.440 which is the target.

The Double Bottom is a highly reliable chart pattern which leads to reversal of trend in more than 70% of the time - this one is especially large and will offer entries with high Risk:Reward ratio.

Trading: Enter long at the breakout of the neckline, or wait for pullback for extra-reliability.