Dmitrylip

USDCHF formed a classic consolidation zone.

OANDA:USDCHF   U.S. Dollar / Swiss Franc
A classical consolidation zone was formed on the border of two trading sessions. As a rule, this indicates a strong one-way traffic. Recommend search long positions after the area of consolidation and formation of the first impulse level on the M5. The search for short positions is recommended after the breakdown of the resistance level and the formation of the first impulsive level on the M5.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.