USDCHF testing major support, prepare for a bounce

FX:USDCHF   U.S. Dollar / Swiss Franc
Buy above 0.9569. Stop loss at 0.9501. Take profit at 0.9699.
Reason for the trading strategy (technically):
Price is testing major support at 0.9569 ( ABC Fibonacci extension , 76.4% Fibonacci extension , horizontal swing low support) and we expect price to make a nice bounce above this level to push it up to at least 0.9699 resistance ( Fibonacci retracement , horizontal pullback resistance).
Stochastic (34,5,3) is seeing major support above 5.8% where a corresponding bounce is expected.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out