USDCHF Trends Converging Soon

USDCHF: 4H

Pair is on a recent uptrend. Bounced off of a larger downtrend with 2 touches in the last week. I expect it'll continue to bounce up and down until it makes a break out of this symmetrical triangle.
Still needs time and trendline touches to confirm it's pattern.
If the breakout goes long, make sure to wait for a pullback to bounce off the support/resistance it has passed for entry.

Pattern may continue to go long to challenge the resistance at 0.96347, so if this breaks long, buy in until then.

Entry Point: 0.95267

Kommentar:

Candle has closed above downtrending line, which indicates this pattern has busted out of it's triangle and is now on track for my predicted position early.

Now that is has closed about that line, it will most likely either drop to touch the line again, then jump or it may just jump without a re test.

Safer to wait a couple hours for retest.

Trade ist aktiv:

Entry: 0.95271 BUY
S/L 0.94651 (65 pips)
T/P: 0.95901 (63 pips)