TradingView
VasilyTrader
May 27, 2020 9:31 AM

USDCHF Will Break Soon!!! Scenarios & Key Levels: Education

U.S. Dollar/Swiss FrancFXCM

Description



USDCHF keeps contracting within a classic symmetrical triangle formation.
with a sequence of lower highs and higher lows the market is clearly trading in sideways.

quite soon its gonna break and the side of the breakout with high accuracy will show as the future direction of the price.

in case of a bearish breakout, the next goals for sellers will be 0.96 / 0.951 levels based on a daily structure.

in case of a bullish breakout, the next goals for buyers will be 0.979 / 0.984 levels based on a daily structure.

good luck!

Comments
ShadinDas
Good job
EricKam
Good job
Mariobarretto
Nice work
AmyLand
Thanks for the detailed analysis
seanlimzc
I entered this on short and had some profit, now waiting for new confirmation for new entry.
For now is quite mix signal
VasilyTrader
@seanlimzc, Hey man!
So many trades based on that triangle !
Damn!
I am happy that you made money their!

Now it is truly mixed!
seanlimzc
@VasilyPonomarev, Thx man! it broke the triangle, now wait for retest then is ready to trade! I hope you have a great week!!
VasilyTrader
Are you bullish or bearish on that?
More