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

July 7, 2020 5:50:16 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9415)
5:21
5:21
Jul. 7, 2020

-74 p
0.9500
Stop Loss
0.9425
Entry
+74 p
0.9350
Target 1
+104 p
0.9320
Target 2
Chart & Analyst Comments
USDCHF - Downward trend will continue, Short trade by market price recommended
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.