FX.co ★ USD/CHF Triangle Trading

USD/CHF is moving sideways in the short term after jumping above the downtrend line. Escaping from this triangle could bring a great trading opportunity. An upside breakout followed by an increase above 0.9041 high could signal a potential upside reversal.

On the other hand, a downside breakout from this pattern and dropping under 0.8934 lower low could really indicate that the pair may resume its downside movement.

Trading Conclusion!

Right now we don't have a trading opportunity as long as the price stays within this pattern, formation. An upside breakout could bring a buying opportunity while a downside breakout could signal a larger decline.