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

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Monday, September 11, 2017

USD/CHF profit target reached perfectly, prepare to buy

Price has dropped absolutely perfectly to our profit target. We prepare to buy above major support at 0.9431 (Fibonacci extension, horizontal swing low support, bullish price action) for a push up to at least 0.9528 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,3,1) is seeing major support above 3.46% and we expect a corresponding bounce above that level similar to the one we're expecting on price.

Buy above 0.9431. Stop loss at 0.9398. Take profit at 0.9528.

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


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