A descending triangle pattern has formed on the daily chart of the EUR/CHF pair. It can be used for a bearish breakout setup. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my take-profit level. It is set to the 100% of the pattern height plotted below the lower border. I will set the stop-loss level to the triangle's highest point (0.96926) - the red price marker. I will ignore bullish breakouts from this trend continuation pattern.
Ordem cancelada
The trading setup has been invalidated by the price going well outside the pattern.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.