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

December 2, 2021 6:38:58 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.9210)
Dec. 2, 2021

-60 p
Stop Loss
+65 p
Target 1
Chart & Analyst Comments
  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 0.038660049438477s
t_/pages/forecast: 1x 0.036051988601685s
t_/common/header-new: 1x 0.019198894500732s
t_/common/head: 1x 0.015472888946533s
t_/common/footer-new: 1x 0.0037720203399658s
router_page: 1x 0.0012199878692627s
t_/popups/on-download: 1x 0.00078177452087402s
router: 1x 0.00065302848815918s
service-routes: 1x 0.00027298927307129s
router_redirection: 1x 0.00012302398681641s
t_/popups/zoom: 1x 5.9843063354492E-5s
----- END OF DUMP (2022-01-16 21:29:01)  -----