USD/CHF: 1-hour

Whoa! Is that a symmetrical triangle I see on the 1-hour chart of USD/CHF or is my 'fro just messin' with my vision? Nope! With the pair making higher lows and lower highs, I'm positive that what I'm seeing is in fact a triangle. This chart pattern suggests that bulls and bears are neck-and-neck in their joust for pips. So in trading the pair, it might be better to wait for a breakout instead of jumping in at market. A strong bullish break above yesterday's high at .9190 could signal that the pair would retest the resistance area around .9220, and possibly even trade higher. Meanwhile, if USD/CHF drops below .9100, it could mean that there are still enough bears in the market to hustle the pair all the way down to .9000.