Quick idea.
After testing the upper side of the rising channel, USDCHF could correct back down slightly, before another possible leg o buying. For now we will remain careful, as the rate is still close to the upper bound of the channel, as it might still go for a breakout. We will wait for a break through one of our key levels first, before examining a further directional move.
Please see the chart for details.
Don't forget your stop-loss.
After testing the upper side of the rising channel, USDCHF could correct back down slightly, before another possible leg o buying. For now we will remain careful, as the rate is still close to the upper bound of the channel, as it might still go for a breakout. We will wait for a break through one of our key levels first, before examining a further directional move.
Please see the chart for details.
Don't forget your stop-loss.
Note
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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.