USD/CHF profit target reached perfectly, prepare to buy on major support

The price has shot down perfectly from our selling level and reached our profit targets. We prepare to buy above major support at 0.9598 (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.9697 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,5,3) is seeing strong support above 2.3% where we expect a corresponding bounce in price from.

Buy above 0.9598. Stop loss is at 0.9557. Take profit is at 0.9697.


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