A falling wedge breakout or retest occurs when the price of an asset breaks out of a descending wedge pattern, or retests the bottom of the wedge after it has already broken out. This type of pattern indicates that the bearish trend is weakening and that a reversal may be imminent. In this case, a long position in USDCHF would be taken to capitalize on the potential reversal.
Chart PatternsTechnical IndicatorsTrend AnalysisUSDCHF

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