After a violation of a neckline of a cup & handle formation on a daily time frame, USDCHF was consolidating for quite a while within a narrow horizontal range on a 4h time frame.
The resistance of the range was broken during the yesterday's NY session. We see its retest and a strong bullish reaction now.
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.