USDCHF: Trading Plan For This Week

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By VasilyTrader





 USDCHF is quite close to a key daily resistance.


on 4H the price is steadily growing within a rising wedge pattern.

Our trading plan will be the following:
1. Follow the market within the wedge pattern until it reached the potential reversal zone
2. Wait and sell the breakout of the support of the wedge
3. For initial target, aim at 0.975
4. Place you stop above the highest point of the wedge

In case of a preliminary breakout better just skip the trade.
If bulls break above the resistance, setup will be invalid and bias switches to bullish .

good luck!


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