VasilyTrader

structure trading with confirmation

Long
VasilyTrader Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc

hey guys,

dollar swiss is standing on a significant level of support after a selloff from 1.012 level.

finally, breaking multiple support levels, the market reached oversold condition,
and we see a formation of a reversal pattern on a lower timeframe.

I consider the ascending triangle in a bearish trend to be very important reversal pattern,
that lets you catch a nice pullback.

just wait and buy bullish violation of resistance line of a triangle with targets based on structure.

good luck!
Comment:
Still inside the triangle

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