USDCHF bouncing perfectly, remain bullish for a further rise
Buy above 0.9578. Stop loss at 0.9525. Take profit at 0.9675.
Reason for the trading strategy (technically):
Price has bounced off perfectly from our buying area as expected. We remain bullish looking to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,3,1) is seeing strong support above 3% where we expect a further rise from.
Reason for the trading strategy (technically):
Price has bounced off perfectly from our buying area as expected. We remain bullish looking to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,3,1) is seeing strong support above 3% where we expect a further rise from.
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