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USD/CHF Triangle Breakout Runs into Year Open Price

USD/CHF Triangle Breakout Runs into Year Open Price

2015-10-29 20:04:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF Triangle Breakout Runs into Year Open Price

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-USD/CHF has broken out from a 7+ month triangle. The rate has stalled at the year open price. If this breakout is going to lead to a major advance, then the top side of the triangle resistance line may provide support if reached. That line is currently below .98. The triangle breakout objective is 1.1182.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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