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TheRavensForex

USDCHF Daily Sell - Retrace day due to an overbought condition

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
TheRavensForex Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
Yesterday, CHF pairs experienced a strong bullish impulse without any consolidation, indicating an overbought condition. As a result, we can anticipate a retracement in CHF pairs to occur before pushing higher. Therefore, we can consider taking a short-term sell today.
*Manage this trade carefully.
Trade closed: target reached:
Target reached.
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Ideas break out:
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