Bearish drop?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8649
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.8698
Why we like it:
There is a pullback resistance level.
Take profit: 0.8614
Why we like it:
There is an overlap support level that aligns with the 138.2% Fibonacci extension.
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