USDCHF has given us a Breakout of the Expanding Range it has been traveling in since the Low @ .78712 created on July 1st.Now Price has already Retested the Breakout of the Rising Support of the Expansion and a Past Support Level, now turned Resistance @ .7960!
Hourly candles are continuing to close Lower signaling further potential to the downside!
Short Entry @ .7945
SL @ .7965 ( Above Retest of Breakout )
TP @ .7880
Trade active
DXY is showing some USD weakness as it would seem Price has satisfied the Gap @ 97.6 and while being trapped in an Expanding Range, seems to be moving to the downside of this level, potentially on the way to test the Rising Support!Price on
USDCHF is continuing to show Bearish Dominance as Price is still being pushed down from Previous Lows as Price closes.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.