Descending wedge on the EUR/CHF chart
Seems like we're following a tight consolidation, winding up for the next big move.
Break out above trend line resistance and retest at horizontal resistance turned support will open up a clean entry.
Seems like we're following a tight consolidation, winding up for the next big move.
Break out above trend line resistance and retest at horizontal resistance turned support will open up a clean entry.
Trade closed: target reached:
EUR/CHF had a very strong move following the descending wedge, playing right into the strong horizontal resistance, which was also the TP region.
Classic setup, amazing follow through
Classic setup, amazing follow through