USD/CHF profit target reached again, prepare to buy on dips

Price has dropped from our selling area perfectly and reached our profit target for the 4th time in a row. We prepare to buy on major support at 0.9598 (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.9652 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (55,5,3) is seeing strong support above 3.48% where we expect a nice bounce from.

Buy above 0.9598. Stop loss at 0.9568. Take profit at 0.9652.


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