Will The USDCHF Breakout From an 8-Year Consolidation?
This currency pair is featuring for the first time on our TradingView blogs.
Current setup: Price is in a long-term consolidation dating back to 2011/2012. A break and close above resistance will suggest a breakout.
Conclusion: Trading above the high of 2018 but standing aside until a breakout is confirmed after which we will look to place long trades.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Current setup: Price is in a long-term consolidation dating back to 2011/2012. A break and close above resistance will suggest a breakout.
Conclusion: Trading above the high of 2018 but standing aside until a breakout is confirmed after which we will look to place long trades.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading