EN

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

December 2, 2021 6:38:58 AM by Alex Zarevich
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9210)
6:32
6:32
Dec. 2, 2021
-60 p
0.9270
Stop Loss
0.9210
Entry
+65 p
0.9145
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. MVP line is above the price and acts as a resistance level.
  5. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.9145
    index: 1x 0.050254106521606s
t_/pages/forecast: 1x 0.046035051345825s
t_/common/header-new: 1x 0.02997088432312s
t_/common/head: 1x 0.024256944656372s
t_/common/footer-new: 1x 0.0025649070739746s
router_page: 1x 0.0023641586303711s
router: 1x 0.00083398818969727s
t_/popups/on-download: 1x 0.00052809715270996s
service-routes: 1x 0.00033092498779297s
router_redirection: 1x 0.00014495849609375s
t_/popups/zoom: 1x 3.1948089599609E-5s
----- END OF DUMP (2023-01-31 09:42:01)  -----