On the USDCHF daily chart, we can see that the pair is reaching the 88.6% of the Fibbo retracement and is getting near the Pitchfork channel downside line 0.9900-0.9940 zone. Hold here could lead to a 200 pips move lower into the 0.9700 level.
Note: look for the short trade entries with the SL above the 0.9940 level
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