USDCHF broadening wedge
Updated
A not-so-obvious formation. Most likely rejected now from top, one more swing, and then breakout to either direction.
Note
Breakout upwards...Note
Moral of the story - I did not measure the upper side properly, and thought the 0.984 level as rejected. Instead it continued broke through the correct upper border. Now waiting for a pullback to enter long.Note
Hit a resistance at the 0.996 level. Potential short.
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.