SOME IDEAS ON USDCHF ON THE DAILY TIMEFRAME -TRENDLINE BEEN RESPECTED AS YOU CAN SEE -DECISION TIME BREAK OR BOUNCE HERE -A BREAK ABOVE THE TRENDLINE WOULD LEAD TO A BREAK ABOVE 1.0000 OUR MONTHLY LEVEL OF RESISTANCE -WHICH WOULD LEAD TO NEW HIGHS -WE COULD DROP DOWN TO 9.5000 BUT THIS IS MAJOR SUPPORT AS YOU CAN SEE IVE POINTED OUT -POTENTIAL ABCD EXTENSION -FIB LEVELS I WILL HAVE MY EYES ON 0.5 AND 0.618 LEVELS FOR RESISTANCE AND REVERSE TO THE DOWNSIDE -IF WE HOLD THIS PRICE I THINK ITS LOOKING BEARISH SO FAR -FIB LEVEL D FOR TARGET FOR DOWNSIDE TOO
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BREAKING LONG HERE.....ONLY AREA OF RES IVE GOT MY EYE ON IS THE FIB 0.5 BUT STRONG CLOSE AND WE ARE IN .....I MIGHT EVEN JUMP IN SOONER
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Still not convinced its a long just yet people. fib 0.5 proving strong resistance.....Could be another drop here