- Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- 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.
- The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.9145
USDCHF - Downward trend will continue, Short trade by market price recommended
December 2, 2021 6:38:58 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9210)
-60 p
0.9270
Stop Loss
0.9210
Entry
+65 p
0.9145
Target 1
Chart & Analyst Comments
