The USD/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.8263
2nd Resistance – 0.8227
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Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.8263
2nd Resistance – 0.8227
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
PlacedNote
Now in Good Profit
Note
The dollar strengthened against on Friday following the release of data indicating stronger-than-anticipated U.S. job growth in May, despite a decline from the prior month. This development hints that the Federal Reserve could delay its plans to lower interest rates.Note
Fundamental Updates: The European Central Bank (ECB) has made "great progress" in controlling inflation, but it should be cautious about new price increases caused by U.S. tariffs, according to ECB policymaker Isabel Schnabel. The ECB recently reduced interest rates for the eighth time in a year and plans to pause next month to understand future growth and inflation trends better.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.