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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 which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8138 – 0.8138 and upper border 0.8154 – 0.8154. In case the lower border is broken, the instrument is likely to follow the downward 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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