USDCHF: False Breakout Below Range to Prove the Bulls Not Willing to Give Up The false breakout below the rectangle is not a good news to the bearish correction and the fact that a bullish pin bar also popped up on the daily chart only bolster the view of resumption of the broader bullish theme. However, remember that we need a clear break above the rectangle and 1.0236 level to confirm this bullish continuation scenario. On the downside, key immediate support now lies at the “tail” of the bullish pin bar located at 1.0125. A clear break below that area would invalidate the bullish pin bar scenario and push price to the downside towards 1.0075 or lower. USDCHF: False Breakout Below Range to Prove the Bulls Not Willing to Give Up published first on https://medium.com/@forexlasersforum via Tumblr USDCHF: False Breakout Below Range to Prove the Bulls Not Willing to Give Up
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