Main Quotes Calendar Forum
flag

FX.co ★ USD/CHF: profit target reached perfectly, prepare to turn bearish

parent
Forex Analysis:::2017-02-20T15:48:09

USD/CHF: profit target reached perfectly, prepare to turn bearish

The price shot up and reached our profit target perfectly. We now prepare to turn bearish below 1.0030 resistance (Fibonacci retracement, horizontal overlap resistance, and Fibonacci extension) for a push down to 0.9961 support (Fibonacci retracement, recent swing low support, and horizontal overlap support).

RSI (34) is approaching the major resistance at 69%.

Sell below 1.0030. Stop loss is at 1.0071. Take profit is at 0.9961.

USD/CHF: profit target reached perfectly, prepare to turn bearish

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...