FX.co ★ USD/CHF profit target reached, prepare for a bounce

The price has dropped perfectly from our selling area to our profit target. We prepare to buy above major support at 0.9264 (Fibonacci extension, horizontal swing low support, bullish exit) for a bounce up to at least 0.9438 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,5,3) is seeing major support above 6.5% where a corresponding bounce could occur.

Buy above 0.9264. Stop loss at 0.9199. Take profit at 0.9438.