USDCHF M30: The price left the symmetrical triangle upward
Apparently, market participants have decided on the future direction of USDCHF trend.
The formation of a symmetrical triangle indicates consolidation before a breakthrough and an increase in trading volatility. A piercing of the upper triangle leg is a positive signal indicating an upcoming price increase.
The USDCHF trade is better situated towards opening a long position strategy. Possible entry points include both current prices and retest levels of the designated resistance line.
📌 Entry: 0.80319
✔️ First target: 0.80600
✔️ Second target: 0.80741
❌ Stop order: 0.80083
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