USDCHF: Wait for breakout
We can see that USDCHF has followed a descending dynamic trendline and has now formed a triangle pattern.
Most other Swiss crosses are near or at ATL's or ATH's except this one.
We can see multiple rejections on the 4HR from my support line and we're nearing the squeeze point of the triangle, so if we break the descending line I'll be looking for a long following the retest.
Most other Swiss crosses are near or at ATL's or ATH's except this one.
We can see multiple rejections on the 4HR from my support line and we're nearing the squeeze point of the triangle, so if we break the descending line I'll be looking for a long following the retest.
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