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FX.co ★ USDCHF M5: Bearish Symmetrical Triangle

USDCHF M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9597/0.9612 and upper border is 0.9625/0.9612. The pattern width is measured on the chart at -28 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCHF breaches the lower border, the price could continue its move toward 0.9597.
The M5 and M15 time frames may have more false entry points.
*此处发布的市场分析旨在提高您的意识,但不提供交易指示
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