Hello Traders!
The crown is forming a triangle, or atleast this is what it was doing last period.
As you know the situation on global scale is verry vulnerable. Since Oil is on hystorical lows and the pandemic, CHF might chose a direction.
Usualy, after wedge pattern is breaked, price is falling so you should look to sell. This is more a triangle then a wedge patern so it's not confident that the price will do that. Meanwhile uptrend line is not breaked you should stay with the buyers.
Only after the uptrend suport is breaked go short.
The crown is forming a triangle, or atleast this is what it was doing last period.
As you know the situation on global scale is verry vulnerable. Since Oil is on hystorical lows and the pandemic, CHF might chose a direction.
Usualy, after wedge pattern is breaked, price is falling so you should look to sell. This is more a triangle then a wedge patern so it's not confident that the price will do that. Meanwhile uptrend line is not breaked you should stay with the buyers.
Only after the uptrend suport is breaked go short.
