USD/CHF - Clear Correction & Impulse Move Incoming!

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  • I've pinpointed where in the past price has respected this pennant chart pattern, indicating the breakout is indeed validated
  • DXY Dollar index is continuing to show bearish sentiment after reaching 100.0 level, indicating a further drop off
  • Previous demand zone has broken, confirming further bearish bias, although pullback may occur before an impulse is created
  • Let's wait for clear retest of broken demand and see how price action reacts! :)

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