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FXkingsfree
Feb 12, 2021 3:16 PM

USDCHF Long

U.S. Dollar/Swiss FrancFXCM

Description

0.8868 IS A MASSIVE LEVEL. Have to take short there or against it. Assuming the target extension is correct would take it to around 0.9145
Comments
nelsyboy
I agree that Long is the way to go. Looking at long term weekly charts, the high of 10238 in April 2019 was when the downtrend started. I think that 8757 low in Jan 2021 is the bottom and the retrace has started although it may be a bumpy ride as usual.
FXkingsfree
@nelsyboy when is forex not bumpy?!
PriceActionAnalyses
I'm short bias.. Good luck
FXkingsfree
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