FX.co ★ blaise.rogahn | USD/CHF

Hello traders, USD/CHF, technical analysis. The breakout by bulls of the daily channel resistance line (trend line) is a strong signal for the development of a bullish correction, but now not within the channel, but on the outer contour to the right of the trend line. It can now act as an inclined support and serve as a basis for the development of a bullish impulse towards the upper boundary of the daily range. That is, next week the market should make technical movements that will lay the foundation for the development of an external correction with the threat of it turning into a bullish trend according to the following scheme: 1. In the outer contour, there is a consolidation of the breakout of the trend line according to the following scheme: breakout - technical pullback - continuation impulse. That is, in zone "A," the phase of accumulation of breakout energy aimed at breaking through the resistance of the range 0.81278 with the intention of reaching zone "B" is in full swing. The movements of the pair in zone "A" are a preliminary signal for the pair's growth in the medium term, and I plan to start working long at this stage. 2. Successful breakout by bulls of the resistance of the trading range 0.81278 with consolidation in zone "B" - confirmation of the scenario of the bullish correction turning into a trend with the possibility of using the breakout area as a basis for subsequent growth.