- According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. As a result, we recommend considering only Short trades at this time.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- MVP line is above the price and acts as a resistance level.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- Set Take Profit at the local low, beyond which there is a cluster of orders.
The market has stabilized, the first signs of a downtrend appeared
August 1, 2022 10:32:29 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9570)
-60 p
0.9570
Stop Loss
0.9510
Entry
+55 p
0.9455
Target 1
Chart & Analyst Comments
