USDCHF 4HR End Of Wedge
Updated
Price has maintained a clear wedge pattern over the last few months. Price is quickly running out of room and will soon break out. Once either of the trend lines are broken, it is important to wait for confirmation on lower times frames before entering a trade.
Note: it is possible that price remains indecisive for a while before pumping or dumping- be patient in confirmation.
Note: it is possible that price remains indecisive for a while before pumping or dumping- be patient in confirmation.
Trade closed: target reached
Price quickly broke downward and a short position was entered at .96407Target was reached at .94677 on June 10
Great trade
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.