FX.co ★ USDCHF M30: Bearish Symmetrical Triangle

According to the chart of M30, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8837/0.8855 and upper border is 0.8867/0.8855. The pattern width is measured on the chart at -30 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 0.8825.