hey guys,
dollar swiss is standing on a significant level of support after a selloff from 1.012 level.
finally, breaking multiple support levels, the market reached oversold condition,
and we see a formation of a reversal pattern on a lower timeframe.
I consider the ascending triangle in a bearish trend to be very important reversal pattern,
that lets you catch a nice pullback.
just wait and buy bullish violation of resistance line of a triangle with targets based on structure.
good luck!
Note
Still inside the triangle
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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.