FX.co ★ USDCHF M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the USDCHF M5 chart. Its lower boundary passes through 0.8297/0.8301, while its upper boundary passes through 0.8306/0.8301. The pattern width is 9 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If USDCHF breaks below the lower boundary, the price could move toward 0.8286.