USDCHF: Huge downside looks very close

FX:USDCHF   U.S. Dollar / Swiss Franc
973 11 30
The smaller corrective structure is converging and I believe we may have a breakout to the downside very soon, first I will be watching any sell to the larger trend line of the larger structure and if it breaks once again which I believe is very possible once again we will have a huge long term ride to the downside on this pair.

Check the weekly chart too, this idea is very supportive I believe.
Comment: possible entry for those who missed it
after break of euro of 1.1065... usdchf upside rallies is all about sell..
yes.. I was anticipating the euro breakout by then too but we broke out today only
i am agree with you piphunters it looks to me price is getting support from the bearish trend line and it can break down and if it break down then there may be good short trade
piphunters GoodLuckbabe
thank you!
johan.verm piphunters
You see what i meant... ;-)Greetings
piphunters johan.verm
here we go now
Carefull ..Price could go back into the triangle now above the upper triangle to go short again...Hope i'm wrong...Good luck..
+1 Reply
piphunters johan.verm
watching, thanks.
What timeframe is this?
piphunters pkoolc1
it's the daily
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