USD/CHF dropping nicely toward the profit target, remain bearish - Forex247

Latest

Keep Your Trading Simple and Smart

Thursday, December 22, 2016

USD/CHF dropping nicely toward the profit target, remain bearish

Price has been dropping nicely toward our profit target. We remain bearish below 1.0268 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.0200 resistance (Fibonacci projection, Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing descending resistance pushing price down.

Sell below 1.0268. Stop loss at 1.0296. Take profit at 1.0200.

analytics585bbb68d0760.png

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

From www.instaforex.com http://ift.tt/2i4VSx8

No comments:

Post a Comment