USD/CHF approaching resistance, potential reversal!

analytics5ea78f1455ca0.jpg

Trading Recommendation

Entry: 0.97945

Reason for Entry: Horizontal swing high resistance, 61.8% fibonacci retracement and 61.8% fibonacci extension

Take Profit : 0.96747

Reason for Take Profit: Horizontal swing low support, 61.8% fibonacci retracement

Stop Loss: 0.98440

Reason for Stop loss: Horizontal swing high resistance

The material has been provided by InstaForex Company - www.instaforex.com