USDCHF - Downward trend will continue, Short trade by market price recommended
July 7, 2020 5:50:16 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9415)
-75 p
0.9500
Stop Loss
0.9425
Entry
+75 p
0.9350
Target 1
+105 p
0.9320
Target 2
About Author
Alexander Zorevyk
Expert
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Total votes: 4
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Chart & Analyst Comments
- Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- MVP line is above the price and acts as a resistance level.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
