Cabana Capitals Blog Technical Analysis USDCHF – getting close to support of a Descending Triangle

USDCHF – getting close to support of a Descending Triangle

USDCHF – getting close to support of a Descending Triangle post thumbnail image

An emerging Descending Triangle has been detected on USDCHF on the 4 hour chart. There is a possible move towards 0.8792 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

Target: 0.8792 Entry: 0.8842 Stop: 0.8889

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