TradingView
Refimadon
May 27, 2020 10:54 AM

USDCHF breakdown or breakout? 

U.S. Dollar/Swiss FrancFXCM

Description

As I continue to learn about forex and patterns I stumble upon this weird looking triangle. I am monitoring price closely price could be in a period of consolidation and could breakout or breakdown.

Comment

Still waiting on price to make a move, very close to the tip of the triangle.

Comment

Only when price breaks through the resistance level will I place a SHORT trade to the next support level.

Trade closed: target reached

Comments
More