FX.co - USD/CHF has broken ascending trend line. Big drop coming!

2019-05-21T01:41:37

Relevance until2019-05-22

Entry : 1.0123

Why it's good : Horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 1.0158

Why it's good : horizontal overlap resistance, 61.8% Fibonacci retracement

Take Profit : 1.0008

Why it's good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support

*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 has broken ascending trend line. Big drop coming!