DeGRAM | USDCHF short from major resistance level

USDCHF is trading in the ascending channel; it printed a AB=CD pattern and a butterfly pattern.

The market is showing that the bulls are running out of steam, creating a bearish harmonic pattern.

Confluence level: resistance and fibo extension level of 161.80% and equal measured move.

We expect a bearish move from the confluence level.


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Trade closed: target reached