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MT5.com - USD/CHF reversed off resistance, potential for further drop!

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Forex Analysis:::2019-05-15

USD/CHF reversed off resistance, potential for further drop!

analytics5cdb7656a3938.jpg

Price reversed from our first resistance where there is potential for further drop.

Entry : 1.0095

Why it's good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.0123

Why it's good : horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement

Take Profit : 1.0008

Why it's good : horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

analytics5cdb7632043cf.png

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Dean Leo
Analyst InstaForex
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