EUR/CHF Triangle Setup- Breakout or Breakdown ImminentEURO VS SWISS FRANCTRADENATION:EURCHFTradZooThe EUR/CHF pair is currently consolidating within a triangle pattern on the 1-hour chart. This type of pattern typically forms when neither buyers nor sellers are in full control, leading to a tightening price range between descending resistance and ascending or flat support. In this case, the resistance trendline (marked in red) is sloping downward, while the support zone (highlighted in green) remains relatively flat around the 0.9330–0.9335 region. The repeated tests of both resistance and support lines suggest that a major breakout or breakdown is likely approaching. The height of the triangle (measured from the initial impulse move) provides the basis for projecting potential breakout and breakdown targets. 🔼 Breakout Scenario (Bullish): If price breaks above the descending resistance line, especially with volume confirmation, it may trigger a bullish move toward the breakout target of 0.9406. This level is calculated by adding the height of the triangle to the breakout point. Traders could look for buying opportunities upon breakout with stops placed below the breakout candle or just under the triangle. 🔽 Breakdown Scenario (Bearish): Alternatively, if price breaks below the flat support zone, a bearish continuation is expected, targeting 0.9281, which is derived by subtracting the triangle's height from the breakdown level. This would indicate sellers regaining control, and the pair may revisit recent swing lows. A breakdown with strong bearish candles would validate this move. 📌 Strategy Notes: This is a neutral-to-directional setup, meaning traders should wait for a confirmed breakout or breakdown before entering. Volatility contraction inside the triangle typically precedes an explosive move. Entry can be taken post-breakout with volume, or with a retest of the broken trendline for confirmation. =============================================================== Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.