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USDCHF - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairUSDCHF
Publication Time12/3/24 8:08 AM
Direction Buy
Status Closed (0.8865)
8:08
8:08
Dec. 3, 2024
Forecast
+50 p
0.8915
Target 1
0.8865
Entry
-50 p
0.8815
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. Price broke through the MVP line and rushed up. We consider this a sign for further USDCHF price increase.
  3. The risk-to-profit ratio allows us to set Take Profit for a Long trade at 0.8915
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