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

March 2, 2022 2:50:55 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9180)
14:51
14:51
Mar. 2, 2022
-80 p
0.9290
Stop Loss
0.9210
Entry
+70 p
0.9140
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  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. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. Set Take profit at the local price minimum.
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