Cabana Capitals Blog Technical Analysis USDCHF – Continuation Chart Pattern – Channel Down

USDCHF – Continuation Chart Pattern – Channel Down

USDCHF – Continuation Chart Pattern – Channel Down post thumbnail image

Emerging Channel Down detected on USDCHF – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 0.88181 and it is expected to move to 0.8732.

Supported by Downward sloping Moving Average

Target: 0.8732 Entry: 0.8818 Stop: 0.8876

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