USDCHF: Breakdown

We have previously caught some decent swings on this pair! Make sure you check the related ideas below.

We have a Double Bottom formation on the daily timeframe.
The 113% expansion is crucial in a Harmonic Shark Pattern or the Harmonic 5-0 Pattern. Considering the 113% expansion, this set-up could potentially be leading to a bearish shark or bullish 5-0 pattern in the nearest future, while the Double Bottom allows for an aggressive ''C'' point entry.

A break above the descending trendline indicates bullish momentum, with the initial confirmation point above the previous high at aprox. 38% retracements.

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