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02.06.202117:11 Forex Analysis & Reviews: USD/CHF Triangle Trading

Exchange Rates 02.06.2021 analysis

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.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Ralph Shedler,
Esperto analista di InstaForex
© 2007-2022
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