USD/CHF Looking for Long
The USD/CHF is trading at a point of equilibrium, as can be seen by the fact that it's trading inside the Kumo cloud, at the Kijun sen and near RSI=50. The overall structure of the market is bullish, with an ascending channel, in which we're currently at supportive levels. All things concluded, we're buyers on a break of the kumo and recent triangular formation, aiming to attack the higher parts of the channel.
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Disclaimer
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.