John_Mwaniki

USDCHF Analysis: Price following a triangle pattern

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Hi traders,
This pair looks interesting and very trendy!
It seems to have formed a new structure(symmetrical triangle) long before the breakout of the rising channel.
The price bounced for the fourth time from the support line of the triangle and there is a high chance of it proceeding upwards towards the resistance line.

Let me know your views on the pair in the comments. Hit the like if you agree with the analysis.
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.