USD/CHF: False Breakout Or… |



is currently at 0.9129 back in a channel. Two scenarios:


A bounce and a move to the 0.618 Fibo at 0.9200 area. 


A continuation would target the ATR target at 0.9050. 

Watch the for any change in direction. The ATR for the pair currently is 54 pips per day which is why the channel trade is enticing since price is considerably above this. 

USDCHF False breakout or
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