USDCHF is trading at the support level for a very long term, in a falling wedge pattern. According to pattern formation, we think the price may bounce towards the upside from the current level one can trade for long with proper risk management and stop loss. If it breaks the support of a falling wedge, we may see the price might move towards the support 1, as shown in the chart.

Thanks

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.