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Mrsam36
Apr 18, 2024 7:37 AM

Usdchf selling range and drop level read the caption  Short

U.S. Dollar/Swiss FrancFXCM

Description

In the bigger picture, price actions from 0.8332 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0146 (2022 high). Further rise would be seen as long as 0.8727 support holds. But upside should be limited by 0.9241 resistance, at least on first attempt. However, decisive break of 0.9242 will argue that the trend has already reversed and turn medium term outlook bullish

Comment

Keep hold for profit

Comment

Running in profit
Comments
FXCM
Nice analysis on identifying a suitable sell zone which is based on multiple rejections in the past. Let's see how this plays out in the coming market sessions.
jupitertrade
Good 👍👍
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