CAD/CHF Approaching Resistance, Prepare For Reversal
February 25, 2019 6:24 am
CAD/CHF is approaching its resistance at 0.7618 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.7584 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated.
CAD/CHF is approaching its resistance where we expect to see a reversal.
Sell below 0.7618. Stop loss at 0.7645. Take profit at 0.7584.
The material has been provided by InstaForex Company – www.instaforex.com
CAD/CHF is approaching its resistance at 0.7618 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.7584 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated.
CAD/CHF is approaching its resistance where we expect to see a reversal.
Sell below 0.7618. Stop loss at 0.7645. Take profit at 0.7584.
The material has been provided by InstaForex Company – www.instaforex.com
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