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USDCHF : Triangle And Broken Resistance Line Suggests More Upside

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USDCHF has been moving sideways since end of March with five swings between two trendlines that reminds us on a triangle formation. That's an A-B-C-D-E pattern that occurs in the direction of a trend, so it's a continuation formation that suggests more upside for USDCHF. In fact this bullish trend is already continuing now now after recent break above the upper resistance line. Move from the last three weeks is also sharp, so we see pair going to new highs and even up to 1.0400-1.0500

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