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Hello everyone:
Also eyeing USDCHF for bearish downside price action.
We can see price formed into an ascending channel, correcting the price up.
At the top, a Head and Shoulder pattern has formed, and reversed the price down, good indication of a bearish reversal price action.
Latest development shows price broke out of the ascending channel, and formed a bearish continuation correction.
Expecting further downside from the price, watch for correction complete and look for sell down to previous lows as a potential targets.
Thank you