USD/CHF profit target reached perfectly, prepare for a bounce

The price has dropped absolutely perfectly and reached our profit target. We look to buy above 0.9673 support (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal swing low support) for an intermediate corrective bounce to at least 0.9735 resistance (Fibonacci retracement, horizontal breakout level).

Stochastic (34,5,3) is seeing major support above 4.4% where a corresponding bounce is expected.

Buy above 0.9673. Stop loss is at 0.9634. Take profit is at 0.9735.


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