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.
Note
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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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.