The following is the hourly chart of USDCHF hourly chart as of Feb. 15th around 3AM EST. I have drawn two trend lines one on the top and another at the top. It looks like a channel but I think its an ascending wedge. But anyhow I think in another hour the bottom trend line may be broken with a strong candlestick. Moreover the CCI and Stochastics are in the overbought regions. So there is a good probability for this currency pair to break the bottom trend line. Once the bottom trend line is broken with a strong bearish candlestick its a good opportunity to enter a short trade. What do you guys say about this?
USDCHF hourly chart channel or ascending wedge
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