USDCHF Descending Triangle: Bears Breakout

2020년 11월 23일

Hi Traders

In the past weeks USDCHF has bounces of the support zone at 0.90940 while forming lower highs creating a descending triangle pattern. After a brief consolidation and waiting, the bears finally made a breakout to the downside, further continuing in a downtrend. I set a intial sell entry so let's see how the market plays out.

Thanks for viewing.
Disclaimer: Analysis is subject to market changes.