USDCHF Flag Chart Pattern

USDCHF Flag Chart Pattern

U.S. Dollar/Swiss Franc
FX:USDCHF

DLavrov

The price is above the cloud and DMI is bullish and it confirms trend market conditions. We have an uptrend and the price forms a flag chart pattern which belongs to continuation patterns. We should expect a breakout above the upper line of the flag. It will give us a buy signal with entry level at 0.95100 and stop orders at 0.94500 level. Take-profit orders should be placed at the downtrend line and 0.97000 resistance level .
Source: TW DLavrov

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