Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Sell |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
After the previously described false breakout to the downside on the EUR/CHF pair the currency pair was left in the background until the real breakout would occur.
It has finally occurred. Namely, the break occurred on Friday, when the pair faced no resistance except the upper trend line of the triangle pattern.
However, the surge is already over, as the pair has met with the resistance line of a dominant pattern. Due to that reason one should wait for the moment, when it is broken or the pair retreats from the line to the downside.