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

June 3, 2020 6:18:35 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9545)
18:14
18:14
Jun. 3, 2020

-50 p
0.9665
Stop Loss
0.9615
Entry
+45 p
0.9570
Target 1
+70 p
0.9545
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. As a result, we recommend considering only Short trades at this time.
  2. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  4. The first target is at the level of the previous bottom - 0.957, and the second one, in case of an active price decrease, is at the level - 0.9545
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