Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Market participants tracking /USDCHF should note the latest formation. With a last close of $0.79, volatility remains active (-0.31%). Price action has carved out a classic Bearish Flag. Volume is average (1.0x avg) with moderate trend strength (16.0). A potential breakout level is identified at $0.78, targeting $0.74 with support near $0.79 (R:R 2.64).
What is your outlook on USD/CHF?