USDCHF - the pair is about to leave the flat range

May 8, 2019 5:46:24 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (1.0207)
5:41
5:41
May 8, 2019

+55 p
1.0245
Target 1
1.0190
Entry
-54 p
1.0135
Stop Loss
Chart & Analyst Comments
USDCHF - the pair is about to leave the flat range
  1. The Current Ratios indicator have reached critical value, too many traders expect a downward movement. In this case, we recommend standing aside with short trades. Long trades only.
  2. The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.
  3. These stop losses of market participants coincide with the level of the previous high. This level will serve as the target for our trade.