USDCHF - Approaching the 78.6% Fibonacci retracement level
Trade Idea
4 positive daily performances in succession.
The rally is close to an exhaustion count on the intraday chart.
Trading within a Bullish Channel formation.
Trend line resistance is located at 0.9906.
We have a 78.6% Fibonacci pullback level of 0.9904 from 0.9971 to 0.9660.
Bespoke resistance is located at 0.9906.
We look to Sell at 0.9906
Stop: 0.9936
Target 1: 0.9835
Target 2: 0.9770
4 positive daily performances in succession.
The rally is close to an exhaustion count on the intraday chart.
Trading within a Bullish Channel formation.
Trend line resistance is located at 0.9906.
We have a 78.6% Fibonacci pullback level of 0.9904 from 0.9971 to 0.9660.
Bespoke resistance is located at 0.9906.
We look to Sell at 0.9906
Stop: 0.9936
Target 1: 0.9835
Target 2: 0.9770
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