A compressed spring on the chart: readiness for a breakoutOn the four-hour chart, USDCHF is forming a “symmetrical triangle” pattern. After a period of consolidation, the price is gradually narrowing its range, indicating energy accumulation ahead of a new impulse.
The triangle is a model of uncertainty, but its completion often leads to a strong move. In the current structure, it is evident that buyers are holding the asset above key levels, which increases the probability of an upward breakout.
Trading tactics for this formation are usually based on waiting for a breakout of the triangle’s boundaries. A close above the upper line opens the scenario for continued growth, while a break below suggests a decline. However, given the overall bias toward dollar strength, the upward breakout remains the priority scenario.
Thus, USDCHF is in a phase of preparation for an impulse, and the upcoming breakout of the triangle will be the key signal for opening positions.
