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USDCHF - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDCHF
Publication Time6/1/23 9:37 AM
Direction Sell
Status Closed (0.9045)
9:37
9:37
Jun. 1, 2023
Forecast
-55 p
0.9150
Stop Loss
0.9095
Entry
+50 p
0.9045
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  4. MVP line is above the price and acts as a resistance level.
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