Price in USDCHF clearly in a consolidation is moving into a rising channel. In MACD a bearish divergence shows that we might have a potential reversal so we should keep an eye for price to break below the channel, and then wait for a sell setup to complete..
Happy trading to all..!
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Price broke below the channel and has retested the broken lower parallel.. based on your strategy watch for a sell setup before selling this market..
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Another great example which shows that simple, clean wave patterns can offer massive trades.