The USDCHF has been ranging since february this year and the pair hits its top range again. With price action if the pair trades below 0.99 at its resistance we expect a reversal on the pair.
TP 1 @ 23.4 FIB LEVEL @ 0.9872
TP 2 @ 38.2 FIB LEVEL @ 0.97959
SL @ 1.0083
TP 1 @ 23.4 FIB LEVEL @ 0.9872
TP 2 @ 38.2 FIB LEVEL @ 0.97959
SL @ 1.0083
Trade closed: stop reached:
The pair pulled backed nicely from the Asian Session into the London session and came as low as 0.99286. However, we were stopped out but managed to close in positive pips when the market started to turn upwards. Stopped out @ 0.99703 from 0.99883