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May 14, 2025

Trade ideas

USDCHF: Decline Ahead

USDCHF, H2

USDCHFH2.png

On the H2, USDCHF started to decline and faces the 0.8320 support area.

The William's alligator's lips cross the jaw, while the MACD histogram breaks below the 0-line downwards, suggesting bearish sentiment.

  • Consider a short trade on a breaking below the 0.8320 support level, with the target at 0.8200 support.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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