USDCHF Potential for Bearish Continuation| 10th November 2022

The overall bias for USDCHF on the H4 chart is bearish. In addition, the price is trading below the Ichimoku cloud, indicating that the market is bearish. Look for a pullback sell entry at 0.99593, where the 78.6% and 61.8% Fibonacci lines intersect. I've set a relatively safe stop loss at 1.00405, just above the 38.2% and 50% Fibonacci lines. My take profit level is 0.98546, which is the previous low as well as the 127.2% Fibonacci extension line.

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Chart PatternschfForexfxTechnical IndicatorsTrend AnalysisUSDUSDCHF

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