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FX.co ★ EURCHF M5: Bearish Symmetrical Triangle

EURCHF M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleThe Bearish Symmetrical Triangle pattern has formed on the EURCHF M5 chart. Its lower boundary passes through 0.9195/0.9217, while its upper boundary passes through 0.9233/0.9217. The pattern width is 38 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If EURCHF breaks below the lower boundary, the price could move toward 0.9202.
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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