DeGRAM

DeGRAM | USDCHF channel breakout

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is trading in the ascending channel, but the market reached 50% of the bearish move on the D chart. 

The market is putting bearish pressure on the support level, and most likely it will break the support, creating the AB=CD pattern. 

Price made two false breakouts of the resistance level at 0.886500.

We expect a breakout of the channel and a bearish move.


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