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vinnyyw
Jul 11, 2020 6:17 PM

EUR/CHF DESCENDING WEDGE  Long

EUR/CHFOANDA

Description

Descending wedge on the EUR/CHF chart

Seems like we're following a tight consolidation, winding up for the next big move.
Break out above trend line resistance and retest at horizontal resistance turned support will open up a clean entry.

Trade closed: target reached

EUR/CHF had a very strong move following the descending wedge, playing right into the strong horizontal resistance, which was also the TP region.

Classic setup, amazing follow through
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