A symmetrical triangle pattern has formed on the weekly chart of the USD/CHF currency pair. This long-term formation offers an opportunity to go short in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The potential entry level is shown with the cyan line. The potential take-profit level is where the green line is. The stop-loss can be set to the opposite border begins at the base of the triangle - at 0.95947.
Order cancelled
Trade setup cancelled due to the pattern invalidation.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
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.