USD/CHF profit target reached perfectly, prepare to buy again
July 21, 2017 2:05 am
The price has shot up and reached our profit target before dropping strongly to another strong support level. We prepare to buy above 0.9500 support (big figure, Fibonacci extension, Elliott wave theory) for a push up to at least 0.9570 resistance (Fibonacci retracement).
Stochastic (34,5,3) is seeing strong support above 3.6% where we expect a bounce from in price.
Buy above 0.9500. Stop loss is at 0.9478. Take profit is at 0.9570.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The price has shot up and reached our profit target before dropping strongly to another strong support level. We prepare to buy above 0.9500 support (big figure, Fibonacci extension, Elliott wave theory) for a push up to at least 0.9570 resistance (Fibonacci retracement).
Stochastic (34,5,3) is seeing strong support above 3.6% where we expect a bounce from in price.
Buy above 0.9500. Stop loss is at 0.9478. Take profit is at 0.9570.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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