Honestly, this setup can or cannot happen this week. But none-the-less its very good setup to keep an eye on this. There are three harmonic patterns namely Bearish Bat & Bearish Butterfly & AB=CD is in making. And just above the termination of this patterns, we can find supply zone. With my beliefs from what I see in USD index, I m speculating idea that USD will get weaker soon or later. Keeping all this in mind, my speculative position is UsdChf short in coming days.
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