USDCHF testing major support, remain bullish

FX:USDCHF   美元/瑞郎
Buy above 0.9527. Stop loss at 0.9500. Take profit at 0.9593.
Reason for the trading strategy (technically):
Price has dropped strongly after making the bearish channel exit. We prepare to buy above strong support at 0.9527 ( Fibonacci extension , bullish price action, channel exit potential) for a push up to at least 0.9593 resistance ( Fibonacci retracement , horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 3.6% where we expect a further bounce from.
Correlation analysis: EURUSD             and USDCHF             are negatively correlated, meaning they move in opposite directions. It’s good to see a drop on EURUSD             and a corresponding bounce in USDCHF             . --> join the waiting list for our free live trading room!
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