empty
 
 
21.07.2017 04:05 AM
USD/CHF profit target reached perfectly, prepare to buy again

The price has shot up and reached our profit target before dropping strongly to another strong support level. We prepare to buy above 0.9500 support (big figure, Fibonacci extension, Elliott wave theory) for a push up to at least 0.9570 resistance (Fibonacci retracement).

Stochastic (34,5,3) is seeing strong support above 3.6% where we expect a bounce from in price.

Buy above 0.9500. Stop loss is at 0.9478. Take profit is at 0.9570.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback