USD/CHF approaching support, potential bounce!

Posted On 06 Dec 2019

By : InstaForex

Trading Recommendation

Entry: 0.9850

Reason for Entry: 161% Fibonacci extension, horizontal swing low support

Take Profit : 0.9926

Reason for Take Profit: horizontal pullback resistance

38.2% Fibonacci retracement

Stop Loss: 0.9800

Reason for Stop loss:

horizontal swing low support

61.8% Fibonacci retracement

The material has been provided by InstaForex Company – www.instaforex.com

Source:: USD/CHF approaching support, potential bounce!

About the Author

InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

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