USD/CHF profit target reached, time to turn bullish - Forex247

Latest

Keep Your Trading Simple and Smart

Tuesday, December 20, 2016

USD/CHF profit target reached, time to turn bullish

Price has dropped perfectly from our selling area and has reached our profit target. We now prepare to turn bullish above 1.0214 support (fibonacci retracement, fibonacci projection, horizontal overlap support) for a bounce to 1.0309 resistance (fibonacci retracement, horizontal swing high).

Stochastic (21,5,3) is seeing major support above the 4.5% level.

Buy above 1.0214. Stop loss at 1.0182. Take profit at 1.0309.

analytics58588006315dc.png

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

From www.instaforex.com http://ift.tt/2i9S6l0

No comments:

Post a Comment