U.S. Dollar / Swiss Franc
Short

Lingrid | USDCHF trend CONTINUATION trade

627
The price perfectly fulfills my previous idea. It hit the target. USDCHF has broken through the support level at 0.89000 and the range zone, triggering a significant drop. The market has since rallied back up to this level after impulse move down. If the price forms a rejection candle at this resistance zone, it may indicate that the downward trend is likely to continue. Given that the overall market trend is currently in a downtrend, I expect the price to either fall from this resistance level or re-test the range zone then move down. My goal is support level 0.88415

Lingrid | USDCHF at strong RESISTANCE. Short


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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