Fxprotrader

USDCHF: Correction About to Be Over

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Price has been moving into a descending channel, into a corrective structure, and is now testing a sliding parallel above the lower parallel of the channel. At the current level we may start watching for a buy setup completion which may end the corrective structure. We might see price breaking below the sliding parallel and reaching the lower one. Nothing changes and we still watch for that buy setup completion aiming for higher levels.
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