movbarca

USD/CHF BOUNCING INSIDE PENNANT

Long
FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
4
USD/CHF IS BOUNCING INBETWEEN TO TWO TREND LINE. THIS BULLISH PENNANT FORMATION SHOULD ALLOW FOR USD TO BREAK UP TO THE UPSIDE. ONCE RESISTANCE TREND LINE IS BROKEN WE COULD SEE A RETEST OF IT, BEFORE BULLS LOOK TO FURTHER PUSH USD/CHF TO MONTHLY RESISTANCE.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.