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RaynLim

EURCHF M15 completes a Descending Triangle Formation

Short
Euro / Franc Suisse (FX:EURCHF)  
RaynLim  
FX:EURCHF   Euro / Franc Suisse
Trend Analysis Chart Patterns EURCHF
6
0
trendanalysis chartpattern eurchf
Descending Triangle Spotted at M15 chart, overall trend is Bullish, A counter-trend trade is tested on a higher-high timeframe but previous high is not violated. Could form a double top.

Counter-Trend Trade
Entry Price: 1.1573
Stop Loss: 1.1611
TP0: 1.1557(shift stop loss to entry price)
TP1: 1.1536
TP2: 1.1440
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