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movbarca
May 16, 2017 11:41 AM

USD/CHF BOUNCING INSIDE PENNANT  Long

U.S. DOLLAR / SWISS FRANCICE

Description

USD/CHF IS BOUNCING INBETWEEN TO TWO TREND LINE. THIS BULLISH PENNANT FORMATION SHOULD ALLOW FOR USD TO BREAK UP TO THE UPSIDE. ONCE RESISTANCE TREND LINE IS BROKEN WE COULD SEE A RETEST OF IT, BEFORE BULLS LOOK TO FURTHER PUSH USD/CHF TO MONTHLY RESISTANCE.
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