USD/CHF reacting off our selling area really nicely, remain bearish

The price has continued to test our selling area and is dropping nicely from that area. 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 corresponding reaction from.

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


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