Ever since the SNB removed their peg and made the CHF a free floating market again, we can start to look for trading opportunities here.
The EURCHF has developed into a bullish uptrend after the big event – as we can see higher highs and higher lows being printing with the upward momentum.
This market just recently broke resistance as it moved into fresh highs, and as been hovering above the old level as it now acts as support.
A double inside day pattern has formed – one of my favorite breakout setups. These guys can really blow up when they let go.
Since the train is moving upwards here, I am only looking for bullish breakouts. If price breaches the high, we could see an explosive breakout here.