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07.05.2019 04:01 AM
USD/CHF approaching support, potential big bounce!

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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

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Dean Leo,
Analytical expert of InstaForex
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