USDCHF | Ascending Triangle, Pressure is Growing
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Initiate Long.
Entry - 1.03340
TP1 - 1.13378
TP2 - 1.20148
TP3 - 1.26684
SL - 1.00072
Reason: Despite I provide a Long position here, we should be ready to both breakouts, because of Triangles are not bullish/bearish patterns. First scenario is shown on the Chart in case the Resistance broken position should be initiated. For second scenario I recommend to initiate Short position if price broke 78.6% Fib support.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Initiate Long.
Entry - 1.03340
TP1 - 1.13378
TP2 - 1.20148
TP3 - 1.26684
SL - 1.00072
Reason: Despite I provide a Long position here, we should be ready to both breakouts, because of Triangles are not bullish/bearish patterns. First scenario is shown on the Chart in case the Resistance broken position should be initiated. For second scenario I recommend to initiate Short position if price broke 78.6% Fib support.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Nota
This setup might be canceled. Seems the price is not tending to break the resistance level. Please check the new Daily idea on this pair.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.