Major Descending Triangle on the Higher timeframes for this pair. I am simply trying to catch the falling momentum coming off the resistance trendline even though the best trade would be to wait until price breaks out of the triangle in whichever direction it decides to break out of. Here is the play I am taking on this trade: PAIR = GBP/CHF ORDER TYPE =...
In March, the price came to the support zone 1678.09, after which it stuck for several weeks near the resistance zone 1751.86. Then she again returned to support and from her began a new growth. Now the price is again at the resistance of 1735.86. However, it can be expected that it will break through this line and rise to the resistance of 1765.77. After that, a...