Aurum Markets Blog Technical Analysis Triangle breakout on USDCHF

Triangle breakout on USDCHF

Triangle breakout on USDCHF post thumbnail image

You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.8087 but consider reducing the size of your position as the price gets closer to that target.

Supported by Downward sloping Moving Average

Target: 0.8087 Entry: 0.8114 Stop: 0.8134

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