USD/CHF profit target reached perfectly, prepare to sell

The price has shot up perfectly and reached our profit target yesterday. We prepare to sell below major resistance at 0.9756 (Fibonacci extension, horizontal swing high resistance) for a push down to at least 0.9679 support, Fibonacci extension, Fibonacci retracement, horizontal swing low support).

RSI (34) sees a long-term descending resistance line signaling that we're starting to see bearish momentum.

Sell below 0.9756. Stop loss is at 0.9785. Take profit is at 0.9679.


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