USDCHF right on major support, time to start buying
Buy above 0.9672. Stop loss at 0.9627. Take profit at 0.9758.
Reason for the trading strategy (technically):
Price is right on major support at 0.9672 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a major bounce above this level to push price up to at least 0.9758 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees major support above 42% where we continue to holds our bullish bias as long as it remains above the support.
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