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USDCHF Descending Triangle: Bears Breakout

Singkat
Dolar A.S. / Franc Swiss (FOREXCOM:USDCHF)  
Mancoba_Thabethe  
FOREXCOM:USDCHF   Dolar A.S. / Franc Swiss
Support and Resistance Trend Lines Triangle Descending Triangle breakoutsignal breakouts consolidation-breakout bearishmomentum
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supportandresistance trendline triangle descendingtriangle breakoutsignal breakouts consolidation-breakout bearishmomentum
Hi Traders

In the past weeks USDCHF has bounces of the support zone at 0.90940 while forming lower highs creating a descending triangle pattern. After a brief consolidation and waiting, the bears finally made a breakout to the downside, further continuing in a downtrend. I set a intial sell entry so let's see how the market plays out.

Thanks for viewing.
Disclaimer: Analysis is subject to market changes.
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