Usd/chf – M30 – Symmetrical Triangle Breakdown Pattern
Usd/chf has broken below the lower boundary of a well-defined symmetrical triangle, indicating a potential continuation of bearish momentum. Price also struggled beneath the nearby resistance zone and Ichimoku cloud resistance, reinforcing seller dominance. A sustained move below the breakout point could expose the next downside support levels, while any recovery into the resistance zone may attract fresh selling pressure. Traders should monitor upcoming macroeconomic releases for confirmation of the directional move.
SELL Setup
🔴 1st Support : 0.80315
🔴 2nd Support : 0.80118
🟢 Resistance Zone : 0.80842 – 0.80927
⚠️ Disclaimer: This analysis is for educational purposes only.
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Usd/chf has broken below the lower boundary of a well-defined symmetrical triangle, indicating a potential continuation of bearish momentum. Price also struggled beneath the nearby resistance zone and Ichimoku cloud resistance, reinforcing seller dominance. A sustained move below the breakout point could expose the next downside support levels, while any recovery into the resistance zone may attract fresh selling pressure. Traders should monitor upcoming macroeconomic releases for confirmation of the directional move.
SELL Setup
🔴 1st Support : 0.80315
🔴 2nd Support : 0.80118
🟢 Resistance Zone : 0.80842 – 0.80927
⚠️ Disclaimer: This analysis is for educational purposes only.
Support the idea 🚀 Boost | 💬 Comment | 🔁 Share
🔸🔸 Charts Don't Lie, Traders Don't Quit 🔸🔸
Trade active
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.