From the chart, you can see that usd/chf have just reach the end of the bearish trendline, and its about to fly up.
Reasons
1; double bottom pattern
2; completion of the inner descending triangle
3; pattern inside pattern, which is signal for strong trade
4; formation of outer descending triangle
Reasons
1; double bottom pattern
2; completion of the inner descending triangle
3; pattern inside pattern, which is signal for strong trade
4; formation of outer descending triangle
Trade active
Trade closed: target reached
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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.
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.