USDCHF Potential opportunity for going long. Wait for the trend line retrace before pulling the trigger / go short if the trend line breaks but therefore it has to some build up for the momentum.
Now we are at a potential support level winch can hold due to the fact that it is a M1 chart trend-line which a very strong indication. Wait for confirmation before pulling the trigger not to get stopped out early. And also the reversal now is even more viable because of the Currency Correlations and their reversal like USDJPY which has a strong bearish outlook...
The Month1 chart tells us that we are at the top of a contracting triangle and also the W1 chart tells us that we have just hit the top of a bollinger band. The market is currently in a accumulation phase and building up momentum for a potential downdtrend
