USDCHF buy idea
We can see USDCHF was in a previous downtrend, i believe it has come to its end and is now reversing, we can see the bullish engulfing candle in my highlighted area completely engulfed the previous 2 candles indicating buyers have taken control, its also looks the forming a ascending triangle pattern, i am expecting a break out of this before a re test to my second highlighted area which lines up nicely with my trend line.
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.