EURCHF MARKET ANALYSIS 4H TIMEFRAME | DESCENDING TRIANGLE

Risky setup because price is already at major support zone. But descending triangle pattern is formed.

Descending triangle pattern is usually a continuation pattern. So i will look to take a short trade on this pair if the price breakout of support (black line)

SL 45 pips
TP 343 pips @ manual close when reversal is looking to happen/reached at least 1:2 risk reward ratio

Bear in mind this kind of pattern can also play as descending triangle reversal. So if price break upper trendline instead, i will take a long trade on this pair.

TRADE AT YOUR OWN RISK, SUPPORT THIS IDEA WITH A LIKE IF YOU FIND IT USEFUL :D