USDCHF is trading in a long term downtrend. Now it is trading in descending channel pattern. According to chart pattern analysis, we might see more downside in USDCHF from the current level to support level, as shown in the chart. Short trade can be initiated with proper risk management and stop loss.
Trade closed: target reached
2nd Target Reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.