GonzeeTrading

USDCHF further bearish momentum

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OANDA:USDCHF   美元/瑞郎
-> On the daily TF, the market has moved very impulsively to the upside creating an overextension of the price to the 200 EMA, which tells me that the price needs to at least pullback before it continues its bullish trend.

-> On the 1H TF the market has just recently BO of the ascending channel where the price was moving upwards, to which I've went onto the 15min TF and found a continuation pattern (Ascending triangle) to which I've put my entry at its BO, with the Stop Loss at a previous swing high and the Target at a weekly zone.

Bearing in mind that today is Friday, the end of the week, which can cause uncertainty, as much as Monday too because we don't know what will happen on the weekend and the Ukrain-Russia conflict still going on.
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