Breakout of USDCHF to the upside and ride the bullish leg
USDCHF Daily, If there is a breakout above the blue box which is the current resistance. We will look for an entry on LTF and go long. USDCHF has been on a bullish impulsive trend since 4th of April this year. It entered on a corrective stage on 16th May 2022. On the week of August 8th, it made a fake out bearish move to take out the SLs of the Sellers in order to pick up their order. This bullish momentum is intact as long as there is no daily close below the trendline.
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.