Falling towards overlap support?

USD/CHF is falling towards the support level which is an overlap support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.

Entry: 0.8849
Why we like it:
There is an overlap support that lines up with the 38.2% Fibonacci retracement.

Stop loss: 0.8799
Why we like it:
There is a pullback support level.

Take profit: 0.8915
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.

Enjoying your TradingView experience? Review us!

Enjoying your TradingView experience? Review us!