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Forex · chart pattern

Double bottom on USD/CHF

On USD/CHF the double bottom showed up 40 times. The target came first 35% of the time, the stop 60%, and 5% went nowhere within 12 candles.

Counted on USD/CHF: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily633%67%0%
Hourly3435%59%6%

USD/CHF against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/CHF4035%60%5%
All Forex charts30338%55%6%
Every market4,67237%57%6%

Year by year

YearFoundTarget firstStop first
2024367%33%
20251747%53%
20261619%69%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the double bottom is

Two lows at the same level, then a break above the peak between them.

Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.

The full double bottom lesson, video and quiz ›

Other patterns on USD/CHF

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI overbought drop · all of them

The double bottom elsewhere

EUR/JPY · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · Ethereum · Bitcoin

Questions

How often does the double bottom work on USD/CHF?

In 40 cases on USD/CHF, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 60%; 5% went nowhere within 12 candles.

What is the double bottom?

Two lows at the same level, then a break above the peak between them.