The USDCHF is moveing to the upside in a clear range for now. After some consolidation price continued to the upside today and now reached the top of the channel again. Maybe price will pull back before further upside continuation.
On the weekly chart we can see a decending trendline. This could be a nice TP level.
On the weekly chart we can see a decending trendline. This could be a nice TP level.
Note
This was trending nicely in the expected direction. Still long. Profit target 0.98Trade closed: target reached
Reached the trendline on the weekly chart so I took my profit
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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.