The EURCHF has been testing this level on the daily and 4-hour time frame, with a teasing ascending wedge and multiple RSI divergences. I will wait for the wedge to be broken and the price to retest the level before I place a trade.
Comment:
She broke the resistance level and kind of broke the wedge pattern. Also, the divergence is being broken as we speak. Perhaps the price will remain ranging at that level, waiting for the CHF CPI next week. For now, we wait.
Trade active:
Position active, let us see how it will play :)