USDCHF - Beautiful T CUP - What happens on the left happens ....
USD CHF Finished it's T CUP pattern, followed by the completion of the handle.
Overall, the trend is bullish. I for see the trend to continue.
"The cup and handle is a bullish continuation pattern. It is marked by a consolidation, followed by a breakout.
Once the pattern is complete, the stock should continue to trade upward, in the direction it was previously heading."
nasdaq.com/article/principles-of-technical-analysis-the-cupandhandle-pattern-cm29628
I think price will continue to .98500ish where is struggles to break through here, bounce higher and continue the trend.
Should reverse come Sunday/Monday.
I am looking for it to reach the 1.03 range in which it has struggled to breakthrough.
NONFARM Payrolls is around the corner, it could be that news that will push the currency through resistance.
Overall, the trend is bullish. I for see the trend to continue.
"The cup and handle is a bullish continuation pattern. It is marked by a consolidation, followed by a breakout.
Once the pattern is complete, the stock should continue to trade upward, in the direction it was previously heading."
nasdaq.com/article/principles-of-technical-analysis-the-cupandhandle-pattern-cm29628
I think price will continue to .98500ish where is struggles to break through here, bounce higher and continue the trend.
Should reverse come Sunday/Monday.
I am looking for it to reach the 1.03 range in which it has struggled to breakthrough.
NONFARM Payrolls is around the corner, it could be that news that will push the currency through resistance.
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