BullBearMkt

USDCHF In Ending Diagonal OR Bullish Wedge???

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
USDCHF has been on downtrend on the higher timeframe, but recent activities on the lower timeframe indicates the pair might be ready for a pullback. 2 Patterns are shown on the H4 chart & the 2 are possibilities. One, we have an ending diagonal which is an established pattern on the chart while bullish wedge is also developing its upper channel (red dashed line).

If the pattern is the ending diagonal , then the pair is good for a long trade with buy entry at 0.88086 level, else if its bullish wedge , there is possibility for the pair to go further down to test the lower channel of the wedge

What are your thought about the patterns? You are welcome to make contribution... Cheers


N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

-YouTube Channel: BullBearMkt
-Telegram: https://t.me/BullbearMkts

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out