USDCHF | Ascending Triangle, Pressure is Growing

26 Oca 2020

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Initiate Long.

Entry - 1.03340
TP1 - 1.13378
TP2 - 1.20148
TP3 - 1.26684
SL - 1.00072

Reason: Despite I provide a Long position here, we should be ready to both breakouts, because of Triangles are not bullish/bearish patterns. First scenario is shown on the Chart in case the Resistance broken position should be initiated. For second scenario I recommend to initiate Short position if price broke 78.6% Fib support.

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.

2 Şub 2020

Not

This setup might be canceled. Seems the price is not tending to break the resistance level. Please check the new Daily idea on this pair.