USD/CHF pinched into a triangle

1 min read
Traderassist

Yaroslav Mudryi

Forex broker

Hi traders,

USD/CHF, on the timeframe, H4 clamps into a triangle and prepares for a shot!

Personally, I now see only one option for trading. The price needs to reach the zone 1.0125-1.0100, this zone is well suited for a Sell transaction. But remember that you can only sell when confirming the reversal! The purpose of the profit is the level of 0.9970.

PLEASE NOTE THAT THE EU SUMMIT WILL BEGIN TODAY AND BREXIT TALKS WILL BE AGAIN. Further movement on this currency pair may depend on the outcome of negotiations.

Good trading,
Yaroslav Mudryi.

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