USD/CHF Small trade within a rising triangle
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The pair has recently (within the last month) broken down out of a multi-week rising channel, and i expect this rising triangle here to just be a correction in a possible larger downtrend.
I'm expecting a down-break out of this triangle, but from my experience it's always easier to just trade the bounces within the triangle rather than the breakouts as the market often changes it's mind and goes the other way.
I'm expecting a down-break out of this triangle, but from my experience it's always easier to just trade the bounces within the triangle rather than the breakouts as the market often changes it's mind and goes the other way.
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Price nearly reached the profit target but the bounce seems weak (heading towards the support line) so i'm taking the profit now, we'll see how it plays out.Closed at 0.99280 for a 0.122% profit.
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