USDCHF profit target reached perfectly, prepare to buy
Buy above 0.9519. Stop loss at 0.9483. Take profit at 0.9617.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly to our profit target. We prepare to buy above major support at 0.9519 (Fibonacci retracement, Fibonacci extension, horizontal support) for a bounce up to at least 0.9617 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic is approaching major support at 3.1% where we expect a bounce from.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly to our profit target. We prepare to buy above major support at 0.9519 (Fibonacci retracement, Fibonacci extension, horizontal support) for a bounce up to at least 0.9617 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic is approaching major support at 3.1% where we expect a bounce from.
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