USDCHF- Descending Traingle
Chart pattern- Descending triangle
USDCHF formed a double bottom around 0.8400 and showed a minor pullback. It hits a high of 0.84854 and is currently trading around 0.84765.
Intraday trend is bullish as long as support of 0.840 holds.
Indicator (1-hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish. Overall trend is bullish
It is good to buy on dips around 0.8470 with SL around 0.8445 for a TP of 0.8540.
USDCHF formed a double bottom around 0.8400 and showed a minor pullback. It hits a high of 0.84854 and is currently trading around 0.84765.
Intraday trend is bullish as long as support of 0.840 holds.
Indicator (1-hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish. Overall trend is bullish
It is good to buy on dips around 0.8470 with SL around 0.8445 for a TP of 0.8540.
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.
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.