sajastu

Possible Setup for USDCHF --long

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
We saw a 1H 2-candle strong bullish trend early today. Then the chart got into a sideways corrective phase, forming an ascending triangle. The triangle has been broken out from the upside with a strong bullish candle, following another bullish candle right after. I think the chart might come back to retest the resistance level, and then we will potentially see a uptrend toward our target at ~0.92595 (next resistance level).
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.