The market has stabilized, the first signs of an uptrend appeared

September 3, 2019 6:03:28 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (0.9895)
5:58
5:58
Sep. 3, 2019

+104 p
1.0000
Target 2
+64 p
0.9960
Target 1
0.9895
Entry
-60 p
0.9835
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on USDCHF. As a result, we recommend considering going only long at this time.
  2. The decrease in the volume of buyers, together with the increase in the volume of sellers, confirms the need to buy, according to our trading idea.
  3. MVP line is below the price and acts as a support level.
  4. We see two clusters of stop losses on which we set our first and second targets according to our forecast.