💱USDCHF - Triangle. Why Should We Expect a Decline
USDCHF after the retest of the resistance of the global range forms a symmetrical triangle. A breakout of one of the boundaries will form a distribution
TA on the high timeframe:
1) Price in 0.91200 - 0.88600 range
2) Resistance was tested earlier. Within the range, price moves from one boundary to the other
3) In our case liquidity from 0.89000 to 0.8600 has not been tested.
TA on a low timeframe:
1) Since the market is most likely aiming to continue its move down to the liquidity area, the priority is to expect a support breakout
2) Price may consolidate in a triangle for a few more days and then test the limits of the pattern for a breakout
3) I expect a breakout of support and a decline to 0.88600. But if the price breaks 0.9000, it will go up to 0.91190
Key support📉: 0.89430
Key resistance📈: 0.9000
TA on the high timeframe:
1) Price in 0.91200 - 0.88600 range
2) Resistance was tested earlier. Within the range, price moves from one boundary to the other
3) In our case liquidity from 0.89000 to 0.8600 has not been tested.
TA on a low timeframe:
1) Since the market is most likely aiming to continue its move down to the liquidity area, the priority is to expect a support breakout
2) Price may consolidate in a triangle for a few more days and then test the limits of the pattern for a breakout
3) I expect a breakout of support and a decline to 0.88600. But if the price breaks 0.9000, it will go up to 0.91190
Key support📉: 0.89430
Key resistance📈: 0.9000
註釋
❤️ Telegram channel: t.me/AndeWave
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❤️ Telegram channel: t.me/AndeWave
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。