The breakout of USD/CHF through the support line of a Flag could be a sign of the road ahead. If this breakout persists, we expect the price of USD/CHF to test 0.9905 within the next 15 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
Support line breached by USD/JPY. This price has been tested at least twice before.
USD/JPY has broken through a support line of a Pennant chart pattern. If this breakout holds true, we…
NZD/USD – breach of price line that’s been previously tested numerous times before
The breakout of NZD/USD through the 0.5997 price line is a breach of an important psychological price that…
GBP/USD – breach of a trending resistance line that has been tested at least twice before.
GBP/USD has broken through a resistance line. It has touched this line at least twice in the last…