- 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.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
- Price broke through the MVP line and rushed down. We consider this a sign for further USDCHF price decrease.
Chart & Analyst Comments
