USDCHF Double Bottom

A Double Bottom chart pattern has appeared at the USD\CHF pair. Double Bottom is a pattern that consists of two touches of the same Support level. The inability to break that level indicates the weakness of sellers and the strength of buyers. However, this particular pattern comes after a strong downtrend that reduces the win probability. Therefore we will not enter until the pattern is confirmed beyond any doubt: When neckline is broken and a pullback occurs. This ensures that the trade is confirmed.

Size of pattern is 50 pips, which allows us a big enough profit margin.