USD/CHF back up to test major resistance once again, prepare to sell

The price has bounced up to our selling area once again and we look to remain bearish and sell on strength below 0.9935 resistance (Multiple Fibonacci retracements, pullback resistance) for a strong push down to at least 0.9847 support (head and shoulders exit potential, swing low support, Fibonacci extension).

Stochastic (34,3,1) is seeing major resistance below 96% where we expect a strong reaction from.

Sell below 0.9935. Stop loss is at 0.9990. Take profit is at 0.9847.


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