USD/CHF profit target reached perfectly, prepare to sell - Forex247

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Wednesday, July 26, 2017

USD/CHF profit target reached perfectly, prepare to sell

The price has shot up perfectly and reached our profit target from yesterday. We prepare to sell below major resistance at 0.9530 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a push down to at least 0.9436 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is right on major resistance at 95%.

Sell below 0.9530. Stop loss is at 0.9563. Take profit is at 0.9436.

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


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