USDCHF had broke a trendline and now it is performing a pennant pattern , if we get the break, we can go for a sell
double top can be seen and also the trendline is trying to break
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9725). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCHF is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
It will shoot up after the testing the X spot which is at fib 61.8 and also have support there ...
its an clear uptrend , was in correction for sometime