growthbank

[USDCHF] Sell Idea - Bearish Pennant Variant D1

Short
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
We are looking at a bearish pennant variant on the D1. I am expecting price to continue selling towards and eventually past the horizontal support line. Price has currently attempted to touch the major resistance zone, and missed it by a few pips, indicating that this pair is preparing to break structure and turn. My sell limit is assuming that price retraces to entry so we can hold this swing.

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