EUR/CHF DESCENDING WEDGE
Descending wedge on the EUR/CHF chart
Seems like we're following a tight consolidation, winding up for the next big move.
Break out above trend line resistance and retest at horizontal resistance turned support will open up a clean entry.
Seems like we're following a tight consolidation, winding up for the next big move.
Break out above trend line resistance and retest at horizontal resistance turned support will open up a clean entry.
Trade closed: target reached
EUR/CHF had a very strong move following the descending wedge, playing right into the strong horizontal resistance, which was also the TP region. Classic setup, amazing follow through
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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.