Technical Analysis for USDCHF: - Descending triangle forming (consolidation pattern) - If price break support level at 0.8570, we could see continue bearish movement - The break of this support zone would be confirmation of entry - Indicators are suggesting potential bearish movement to come - Following the overall trend of this pair, which is bearish
In the triangles I would always stay 50:50% possibility to see the price break up or down. Especially after several days of pattern formation. That's because basically we are dealing with a side trend.
ProSignalsFx
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Great Post bro!
TheFxAce
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Your short idea is impressive. How long do you expect it to take for your price target to be met?