USDCHF Potential For Bearish Dip | 29th April 2022

Price is dropping towards the ascending trendline. We expect that price will potentially reverse from sell entry level of 0.97552 in line with a major 127.2% fibonacci extension towards the take profit level of 0.95978 in line with 23.6% fibonacci retracement . Alternatively, price might break through the key pivot level and rise towards the stop loss level of 0.98939 in line with a major 161.8% fibonacci extension .


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