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Short

USDCHF, Time for a Pullback?

FX:USDCHF   U.S. Dollar / Swiss Franc
The recent USD rally has lost momentum. The pair rejected the horizontal resistance near 0.995 and looks like it wants to test the descending trendline (90-100 pips drop ). Place a sell stop order below the last two daily candles and wait for price to come on them. You can split your short position into two. Close the first one when price touch the trendline and let another one in the case if price break through it and drop further.
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