USD/CHF is testing strong resistance, it's time to start selling

Source: Forex Analysis

Price is testing major resistance at 0.9390 (Fibonacci extension, bearish harmonic formation, descending resistance) and a strong reaction could occur at this level to push the price down to the 0.9321 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.

Sell below 0.9390. Stop loss at 0.9415. Take profit at 0.9321.


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