FX.co - USD/CHF approaching support, potential big bounce!

2019-05-07T02:01:14

Long-term review

Price is approaching our first support where we might see a corresponding bounce in price.

Entry : 1.0157

Why it's good : horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement

Stop Loss : 1.0131

Why it's good : 100% Fibonacci extension, horizontal swing low support

Take Profit : 1.0197

Why it's good : horizontal swing high resistance, 76.4% Fibonacci retracement, descending resistance line

USD/CHF approaching support, potential big bounce!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/CHF approaching support, potential big bounce!