The USD CHF had given us a strong bearish signal to break Support of the large Daily Chart Pennant, only to disappoint by breaking out for a short distance before now being set to return inside the consolidation. With the USD CAD giving a similar, but bullish signal this week, will we see a similar pullback or a large profitable breakout?
USD CHF-DAILY CHART
There was an initial signal followed by a sharp U-turn then a brief breakout of only 140 pips-small in comparison to the size of the Pennan…
USD CHF-DAILY CHART
There was an initial signal followed by a sharp U-turn then a brief breakout of only 140 pips-small in comparison to the size of the Pennan…