USDCHF Sell under the 1day MA50

The USDCHF pair is repeating a pattern we identified last time from late 2022.

After the Triangle's Support broke, the price formed a Channel Down that hit Fibonacci 2.0.

We have already achieved Fibonacci 1.5 on the previous trade and Fibonacci 2.0 is at 0.8700.

Target this as long as the 1day candle keeps closing under the 1day MA50.


Previous chart:


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