Symmetrical Triangle Pattern on EURUSD USDCHF

Symmetrical Triangle broken on EURUSD, waiting on USDCHF

Lower Highs, Higher Lows creates a Symmetrical Triangle Pattern.

Symmetrical Triangle pattern formed on both EURUSD and USDCHF .

Long waiting Symmetrical Triangle broken on EURUSD.

A Big Bull Candlestick closed above the top zone confirms breakout in h4 chart as shown in the above chart.

usdchf symmetrical triangle waiting for breakout

But in USDCHF, Symmetrical triangle will end soon.

Breakout will happen either upward or downward.

Let’s wait for the breakout to catch the good move on USDCHF.

I know most of you thinking about inverse correlation of EURUSD and USDCHF. but don’t trade only depend on inverse correlation.

Because the forex market sentiment has changed now due to this worldwide lock down and lack of liquidity in currencies.

However, Crude oil, Gold having huge volatility at this situation.

US CHINA fight will drive the next big move in financial markets.

Let’s stay tuned for big long term move soon. Keep following the trade signals as per the signal guidance.

Please Don’t trade all the time, trade forex only at best trade setup.

It is better to do nothing, instead of taking wrong trades.

We are here to help you for taking the trades only at best trade setup.

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Thank you.
Regards,
Forexgdp Team.

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