here i have 5 reasons to short usdchf
any feedback would be appreciated
1) Price at a previous structure, support miight act as reistnace
2) Upper trendline
3) Price retraced to 61.8 which not only a a previous support but might also indicate an abcd pattern in the making
4) The target of the potential abcd pattern is also a previous fresh demand
5) target for the completion of the pattern is also a 1.27 fib level.
any feedback would be appreciated
1) Price at a previous structure, support miight act as reistnace
2) Upper trendline
3) Price retraced to 61.8 which not only a a previous support but might also indicate an abcd pattern in the making
4) The target of the potential abcd pattern is also a previous fresh demand
5) target for the completion of the pattern is also a 1.27 fib level.
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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.