USDCHF
The pair is bearish.
Our entry signal is the counter trendline break.
For swing traders,
Shorting the market from the counter trendline break at 0.9585, on a 1:3 Risk Reward ratio, we will be rising 29 pips with our Stop at 0.9613, for a potential reward of 87 pips - 0.9493.
For position traders, the market is now on the extension, making it's way to the Fibonacci D extension level at 0.9347. The market is expected to form a new Low arty that level.
To your trading success, Fx-Kalapanzy
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