Fx_Trader_ViSa

USDCHF breakout Ascending triangle pattern

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
USDHCHF has breakout from ascending triangle pattern in long term down trend and move towards the resistance 1 . USDCHF tested resistance1 for 2 time now it break the resistance 1 we may see further upside towards the resistance 2 one can long with trendline as as stoploss. but if breaks the trendline we may see further downside in USDCHF towards new low.

Comments

Good analysis. This is my view.
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Fx_Trader_ViSa Dave-FX-Hunter
@Dave-FX-Hunter, as you can see price correction has happen from lower line of channel it will further come down and trade in lower part of channel . you can also draw falling wedge from you chart selection.
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Dave-FX-Hunter Fx_Trader_ViSa
@Fx_Trader_ViSa, Great Im glad its goin up
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Fx_Trader_ViSa Dave-FX-Hunter
@Dave-FX-Hunter, you view on pair is for week right? my view was on 15min chart (max 2 day trade)
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Dave-FX-Hunter Fx_Trader_ViSa
@Fx_Trader_ViSa, Ihold trades foe weeks :)
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Fx_Trader_ViSa Dave-FX-Hunter
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Fx_Trader_ViSa Dave-FX-Hunter
@Dave-FX-Hunter, from 1d chart can we say it will go towards red down arrow show pullback from that red arrow point. target can be red arrow
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