USDCHF M30: After the price exits the triangle, an upward momentum may emerge
The downward pressure on USDCHF is easing, which may lead to an upward price reversal.
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 chart shows, that it might be strategically more profitable to open long positions in USDCHF.
📌 Entry: 0.8111
✔️ First target: 0.8175
✔️ Second target: 0.8206
❌ Stop order: 0.8072
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