FX.co ★ USD/CHF profit target reached, time to turn bullish

Price has dropped perfectly from our selling area and has reached our profit target. We now prepare to turn bullish above 1.0214 support (fibonacci retracement, fibonacci projection, horizontal overlap support) for a bounce to 1.0309 resistance (fibonacci retracement, horizontal swing high).

Stochastic (21,5,3) is seeing major support above the 4.5% level.

Buy above 1.0214. Stop loss at 1.0182. Take profit at 1.0309.