USDCHF - the pair is about to leave the range of flat

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 range of flat
  1. The Current Ratios indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.