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USDCHF:Identifying a Correction Phase and Potential selling Zone

Singkat
Dolar A.S. / Franc Swiss (FOREXCOM:USDCHF)  
JoeChampion  
FOREXCOM:USDCHF   Dolar A.S. / Franc Swiss
Chart Patterns Trend Analysis Beyond Technical Analysis USDCHF USD chf SELL short Bearish Patterns Technical Analysis Contains image
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chartpattern trendanalysis beyondta usdchf usd chf sell short bearish technicalanalysis containsimage
Hey Traders, In tomorrow's trading session, our attention is on USDCHF as we identify a potential selling opportunity around the 0.86700 zone. USDCHF is currently trading in a downtrend and is in the midst of a correction phase, making the 0.86700 level a crucial area of interest.

As traders, it's essential to carefully analyze the price action in the vicinity of 0.86700, as it represents a key support and resistance area within the broader downtrend. This zone could serve as a strategic entry point for short positions, aligning with the overall market trend.

Trade safe,
Joe.
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