USD/CHF: bulls are preparing for breakout

USD/CHF: bulls are preparing for breakout

On the USD/CHF chart, there is a consolidation in the range of 0.9915-0.9975. A break of its upper or lower borders does not guarantee a restoration of the trend. The resistance is located near parity level. For the continuation of the rally and the implementation of the targets of the "Wolf Waves" and the "Shark" patterns, the bulls need to test the following resistance. 

On the USD/CHF hourly chart, the expanding wedge is in the process of formation. A necessary condition for its implementation and restoration of the uptrend is a breakout of resistance at the parity level.

Recommendation: BUY 1,0000 SL 0,9945 TP 1,02. 


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GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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