USDCHF have been on a bullish direction and broke structure at 0.88527 to form a new higher high at 0.89192 while breaking structure it created a form of inducement also known as liquidity ($) to trap in retail traders stop loss.
Why retracing back to the demand zone it retested a Fibonacci level of 0.7 86 and grab liquidity then pull to the bullish direction
Chart PatternsTrend Analysis

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