USDCHF breaks below the bullish trendline that has been holding price action since the beginning of the month to set the tone for a potential bearish drive in the coming week. This video explains my plans in that regard.
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With a partial breakdown/retest of the neckline of our reversal pattern, I am testing the water with half of my position size at entry right below the key level and a further retest of the neckline in the future could welcome another entry.
Good morning
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Price action evolves as expected
Good morning
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We are still on point, lock in some profit
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With over 60pips in profit now; I am of the opinion that we might be experiencing a retracement into the sell zone identified on the chart in anticipation of trend continuation.
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Still hopeful
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Price action is right back within our selling opportunity zone; we shall anticipate a reversal pattern to join the potential decline.