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FX.co ★ USDCHF M15: Bearish Rectangle

USDCHF M15: Bearish Rectangle

Bearish RectangleAccording to the chart of M15, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7807 - 0.0000 and support 0.7798 – 0.7798. In case the resistance level 0.7798 - 0.7798 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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