#USDCHF-4H
Updated
USDCHF was moving in a descending channel and now the market has broken out of this channel.
At the same time, we can spot a rising wedge at the break-out. These two confirmations allow us to look for buying opportunities once the above resistance level is breached.
At the same time, we can spot a rising wedge at the break-out. These two confirmations allow us to look for buying opportunities once the above resistance level is breached.
Note
We didn't see a breakout of the wedge and above resistance so we are not opening a trade-in buy at the moment.
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