USDCHF WILL TE PRICE BREAK THE TRIANGLE RESISTANCE OR REVERSE?
Zaktualizowano
Uwaga
This is the price outlook on a Daily chart.
Uwaga
Price has closed on Friday with a retracement of almost half the move away from the triangle resistance.
Uwaga
Waiting for how the Daily candle looks when close today for indication of reversal patterns
Uwaga
Price has breached the bullish trendline, but the forming candles shows the signs of re entry into the trend line. Wait for the close for confirmation of a bearish or bullish bias.
Uwaga
Price went on to re-testing the high (around the red box) which could be a double top formation. Although it will be a valid scenario if price happens to break the trendline and move bellow the double top neckline.
Uwaga
The price broke the trend line as expected and keeps on the down trend toward the channel resistance.
Zlecenie aktywne
I have activated a position in anticipation of a bearish continuation toward the channel resistance, and further bellow it after the current retracementZlecenie aktywne
Price has taken the direction as expected.
Zlecenie aktywne
Although, there is currently a pause with price making an exhaustion candle. I will look for signs of reversal to get out of my position.Uwaga
Signal of reversal not yet materialized, although price is in a pause, but I am expecting for it to resume it's course toward the channel support. Watch out for reversal confirmations though.
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