Waiting for a breakout

The USD/CHF is in a triangle formation and looks like reaching the end of it soon so we could witness a breakout.

The longer term trend is down so the downward pressure may provide the breakout direction but for Dynamic Traders we do not need to be concerned what the direction is going to be. We need to apply our ESLT technique along with our confluence and we can take a trade.

Remember the key is patience so let's stand aside until we have an entry signal.

You can view the forex chart analysis here.

Forex Analysts
Anne Chapman & Javid Shaik