USD/CHF: too little space in the triangle
Read the article on FBS website
Recommendation:
SELL 0.9870
SL 0.9925
TP1 0.9770 TP2 0.9735 TP3 0.9630
On the daily chart, USD/CHF broke below the lower border of a triangle and the uptrend channel. Sellers became stronger. Even support at 0.9865 (23.6% of the last rising wave) couldn’t stop them. They aim to bring the pair to the upper border of the downtrend channel.
On H1, USD/CHF keeps forming a “Broadening wedge”. Pullbacks to 23.6%, 38.2%, and 50% of the wave 4-5 may be used for selling.
