CapMoore

Terminating Triangle above Yearly S2

FX:USDCHF   U.S. Dollar / Swiss Franc
38 3 0
Technical Triangle Pattern , Price in point of termination. Caution adviced as
volatility is still high on Chf crosses.
Hi. Thanks for your sharing. what do you mean by yearly $2?
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CapMoore tntsunrise
Hi, the Pivot Point Standard Indicator is a widely used indicator among proffessional traders to determine support and resistance.
It is calculated on every timeframe. In my long experience, it is one of the best tools to find support, since most pro's use it and
thus it has high probability to work. Yearly S2 is the second support below the Pivot Point. You may go to Investopedia and search
to learn more about it.
Reply
Thank you very much! I take a mistake of the S2 to $ 2 . lol.
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