USD/CHF perfect inverse head-and-shoulder reversal. Look to buy again

Our inverse head-and-shoulders was triggered perfectly as expected. The goal today is to buy on a pullback to neckline support at 0.9650 to play a further push up to 0.9705 before 0.9765RSI (21) is seeing support from an ascending support line which is holding price up.The strategy for the day is to add onto your position at 0.9650 and take 50% profits at 0.9705 and moving stop loss to breakeven. Take remaining profits at 0.9765.

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Buy at pullback of 0.9650. Stop loss at 0.9585. 1st take profit is at 0.9705. 2nd take profit is at 0.9765.

The material has been provided by InstaForex Company – www.instaforex.com

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