EURCHF: Ascending triangle potential
Price has been making its way up and formed what appears to be an ascending triangle on the 4 hour / daily.
Suggested TP1 and TP2 set via height of triangle. Breakout of the triangle is supposed to be final third so potential on this attempt.
Suggested TP1 and TP2 set via height of triangle. Breakout of the triangle is supposed to be final third so potential on this attempt.
Note
This is looking increasingly like a rising wedge which is bearish.Note
OK. It seems like I was correct the first time. Watch for a breakout soon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.