Sell below 0.9808. Stop loss at 0.9867. Take profit at 0.9751. Reason for the trading strategy (technically): USDCHF is testing its resistance at 0.9808 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9751 (23.6 % Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is expected.
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