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IllusiveShroud

USDCHF Shooting Star at Resistance Level

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
IllusiveShroud Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Candlestick Analysis USDCHF Shooting Star usdchfshort usdshort Double Top
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trendanalysis chartpattern candlestick usdchf shootingstar usdchfshort usdshort doubletop
After a strong bullish run through to 0.99800, USDCHF is now testing a key resistance level formed over the past week. Price action shows that the resistance is being rejected and thus I have the bias that there may be some downside momentum due to arrive in USDCHF towards 0.98940.

I will be looking to short this pair if price forms a shooting star that is broken to the downside.
Trade closed: target reached
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