USDCHF approaching resistance, potential drop!

16 พ.ย. 2018

USDCHF is approaching our first resistance at 1.0082 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur pushing price down to our major support at 1.0019 (100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance and ichimoku cloud is seeing bearish pressure where we might see a corresponding drop in price.
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