FX.co ★ USD/CHF potential double bottom, prepare to buy

Price has formed a really nice potential double bottom pattern and we expect price to surpass 1.0111 resistance (Fibonacci retracement, neckline resistance) for a push up all the way to 1.0184.

Stochastic (21,5,3) is seeing bullish divergence vs price and also support above the 9% level which tells us a big bounce is coming soon.

Buy above 1.0111. Stop loss at 1.0052. Take profit at 1.0184.