USDCHF set to go Down.

Jun 9, 2020

USDCHF has given a breakout from descending triangle pattern . we might see further long term downside in USDCHF towards the support level . it might consolidate at minor support level denoted by doted line. it is trading in channel pattern after given a breakout from descending triangle pattern ,which can be use for trend confirmation for downside . one can consider minor supports for day trading . trade can be initiated for short at multiple level on downside with proper risk management and stop loss

Thanks

Jun 12, 2020

Trade closed: target reached

big profit booking at minor support line 2 ( dotted line 2)