FX.co ★ USD/CHF profit target reached perfectly, prepare to buy the bounce

Price has dropped perfectly to our profit target as expected. We prepare to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,3,1) is seeing strong support above 3% where we expect a corresponding bounce from.

Buy above 0.9578. Stop loss at 0.9525. Take profit at 0.9675.