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FX.co ★ USDCHF M15: Bullish Flag

USDCHF M15: Bullish Flag

Bullish FlagThe Bullish Flag pattern has formed on the USDCHF M15 chart. Its lower boundary passes through 0.8056/0.8046, while its upper boundary passes through 0.8066/0.8056. The projected flagpole height is 22 points. The formation indicates that the uptrend is likely to continue. A break above 0.8066 would confirm further upward movement.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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