Day: November 8, 2015

Descending Channel on EUR/CHF Daily Chart

You can see a case of a rather uneven descending channel of the daily chart of EUR/CHF as of now. The channel takes its start following September’s peak, which marked the end of the 5-month bullish wave. The channel here represents a correction following an uptrend. Traders can use the upside breakout as a continuation signal. The only disadvantage in this specific pattern is the rate concentration near the upper border. The channel itself is marked with the yellow […]