empty
 
 
02.06.2021 05:11 PM
USD/CHF Triangle Trading

This image is no longer relevant

USD/CHF is moving sideways in the short term after jumping above the downtrend line. Escaping from this triangle could bring a great trading opportunity. An upside breakout followed by an increase above 0.9041 high could signal a potential upside reversal.

On the other hand, a downside breakout from this pattern and dropping under 0.8934 lower low could really indicate that the pair may resume its downside movement.

Trading Conclusion!

Right now we don't have a trading opportunity as long as the price stays within this pattern, formation. An upside breakout could bring a buying opportunity while a downside breakout could signal a larger decline.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback