USDCHF is about to break out of a pennant.
We expect price to break lower out of a bearish flag pattern, which has major downside potential.
If it break to the upside instead, we can go long and TP at the previous high, using the flag pattern as SL confirmation.
If it breaks to the downside, go short for a potential massive correction, with SL above the downwards trendline.
We expect price to break lower out of a bearish flag pattern, which has major downside potential.
If it break to the upside instead, we can go long and TP at the previous high, using the flag pattern as SL confirmation.
If it breaks to the downside, go short for a potential massive correction, with SL above the downwards trendline.
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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.
Related publications
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.