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| USDCHF M15 - Potential Breakout Trade |
The USDCHF has recently broken below the 150% retracement trend of the BLUE trend origin, and is currently holding resistance at the 23.6% retracement of the RED trend origin. If the pair continues downward through a break of the 138.2% BLUE, the pair could continue moving downwards with partial profit targets along the RED trend retracements, with the ultimate target profit at the 50% RED trend retracement. I have placed a pending sell stop order in the event that price action follows suit. Enter this trade at your own risk, the final decision is always up to you.
PENDING ORDER:
Sell Stop: 0.9165
Stop loss: 0.9200
Final target: 0.9106
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