EURCHF [Triangular contraction + Channel Uptrend]
Observation:
Price action formed both Triangular Contraction and a Channel Uptrend.
Analysis:
If price breaks through the dynamic resistance, a channel uptrend is confirmed and go for long and price target at the upper resistance of the channel.
If the price stays quiet on the Triangular contraction for 4 to 5 months (small volatility),
then be ready for a tsunami and short.
Conclusion:
Long: price should breakout to confirm Channel Uptrend
Short: price should have low volatility for a significant amount of time
Price action formed both Triangular Contraction and a Channel Uptrend.
Analysis:
If price breaks through the dynamic resistance, a channel uptrend is confirmed and go for long and price target at the upper resistance of the channel.
If the price stays quiet on the Triangular contraction for 4 to 5 months (small volatility),
then be ready for a tsunami and short.
Conclusion:
Long: price should breakout to confirm Channel Uptrend
Short: price should have low volatility for a significant amount of time
