MEX_Exchange
Panjang

USDCHF bouncing perfectly, remain bullish for a further rise

FX:USDCHF   Dolar U.S./Franc Swiss
Buy above 0.9876. Stop loss at 0.9843. Take profit at 0.9924.
Reason for the trading strategy (technically):
Price has shot up from our buying area perfectly and is now approaching our profit target nicely. We remain bullish looking to buy on dips above 0.9876 support ( Fibonacci retracement , horizontal overlap support) for a further push up to at least 0.9924 resistance ( Fibonacci retracement , horizontal swing high resistance). We look to protect our profits by shifting our stop loss to 0.9843.
Stochastic (55,3,1) is in an ascending channel with upside potential resistance at 98%.
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