Trade idea.
USDCHF continues to trade within a rising channel formation. This morning, after the SNB interest rate release, CHF strengthened and pushed the pair lower. That said, we need a clear break through on of the highlighted areas before we could target a further directional move, which could lead to a test of one of the sides of the channel.
Please see the chart for levels and targets.
Don't forget your stop-loss.
USDCHF continues to trade within a rising channel formation. This morning, after the SNB interest rate release, CHF strengthened and pushed the pair lower. That said, we need a clear break through on of the highlighted areas before we could target a further directional move, which could lead to a test of one of the sides of the channel.
Please see the chart for levels and targets.
Don't forget your stop-loss.
Note
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Disclaimer
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.