USDCHF (Change in price trend) 01-08-2019Never ignore the beauty of an Ascending triangle breakout. Break even failure rate for up/down breakouts: 17%.
In the past days the Ascending triangle chart pattern has been spotted and has always played out.
On the daily time frame of USDCHF, price continue to hug the resistance(signal for the resistance breakout). Currently the price of USDCHF has broken out of the horizontal resistance of the Ascending triangle chart pattern. The height of the triangle is used to measure the potential extent at which price will likely reach after opening a long position. Targets to look out for are as follows: 1.00427 up to 1.01941.
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