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FX.co ★ USDCHF H1: Bearish Symmetrical Triangle

USDCHF H1: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of H1, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8837/0.8853 and upper border is 0.8869/0.8853. The pattern width is measured on the chart at -32 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 0.8813.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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