USD/CHF 15-minute chart: Double Bottom
A double bottom on the USD/CHF 15-minute chart, bullish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Double Bottom (bullish)
- Entry 0.82532, stop 0.82153, target 0.82843
Full transcript
Can the dollar against the Swiss franc hold its ground right here?
October 17: the dollar against the Swiss franc on the 15-minute chart confirmed a double bottom today.
A double bottom is price holding twice at the same area, with a high sitting between those two tests.
That middle high gives a neckline at 0.82506, and confirmation came when price closed above it.
The measured target is 0.82843.
The invalidation level is 0.82153; a close beyond it cancels the setup from here.
The pattern is still open, and neither level has been hit yet.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.