The pair is printing lower highs and lower lows.
It has also broken a support line and is below its VWMA and its daily pivot level.
This trade has a R/R of 2.27.
Target @ 100% retracement, Stop @ 50% as shown in my chart.
Trade at your own risk
The pair has broken its current arc to the upside which acted perfectly as a resistance since yesterday. This is showing buyers are coming in the game.
We have a confluence zone which is shown by the pink + white fibo levels (short-term and long-term price action). As you can see these levels match perfectly.
This confluence zone will be my target, around...
USD/CHF just broke its triangle to the upside with higher highs and higher lows a resistance which has been broken.
Volumes just surged as well suggesting it's going higher.
I am buying now at the market and will be looking to sell at the next fibo level.
*** Trade at your own risk ***