💱USDCHF - Symmetrical triangle may continue to grow

٨ أغسطس ٢٠٢٣

USDCHF is forming a local bullish trend. Globally - correction. A pattern is forming between the liquidity areas, the breakout of resistance of which can form a rapid rise

TA on the high timeframe:
1) A correction is formed after the breakout of 0.8860 level. The growth will continue to the resistance
2) A bullish liquidity area is forming at the bottom, the price is being pushed upz

TA on the low timeframe:
1) A symmetrical triangle is formed on the background of a local bullish trend
2) The price bounces off the support and retests the resistance.
3) There is a high chance that the breakout will take place. In this case I will wait for the growth to 0.89157.

Key support: the lower boundary of the triangle, 0.8700.
Key resistance: 0.87779