USDCHF- Descending Traingle

Chart pattern- Descending triangle

USDCHF formed a double bottom around 0.8400 and showed a minor pullback. It hits a high of 0.84854 and is currently trading around 0.84765.


Intraday trend is bullish as long as support of 0.840 holds.



Indicator (1-hour chart)

CCI (14)- Bullish

CCI (50)- Bullish

Average directional movement Index - Bullish. Overall trend is bullish

It is good to buy on dips around 0.8470 with SL around 0.8445 for a TP of 0.8540.