FullTimeTrader

USDCHF-W1-nice triangle pattern is forming

FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
305 5 11
Hello, just interesting, this weekly chart is telling us the possible outcome for the USD.
A nice triangle pattern is forming, we should expect more consolidation until possible rate hike.
From the technical point of view this is a bullish flag/pennat
With or without rate hike, i think this pair should reach the parity sooner or later.

Regards.

as you said, now it's coming to your D position.
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thats a really hard guess - several turns almost 6 months ahead=)
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Hello, so far this is my prefered count until proven otherwise by price. Can you share your chart/projection?
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Killy_Mel FullTimeTrader
- looks like lateral chop on long term basis... no trend against 5-year and 10-year means...

doesnt mean cant trade it tho - on smaller timeframes i
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Thanks for sharing, will consider it. Regards
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