USDCHF M2: The formed pattern indicates further price growth
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.
Against this background, it is now advisable to consider the long positions for USDCHF. Optimal entry points can be either at current prices or when retesting resistance.
📌 Entry: 0.79539
✔️ First target: 0.79643
✔️ Second target: 0.79695
❌ Stop order: 0.79437
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