USDCHF - Downward trend will continue, Short trade by market price recommended
June 10, 2021 1:15:58 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.8975)
-75 p
0.9050
Stop Loss
0.8975
Entry
+80 p
0.8895
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 3
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- MVP line is above the price and acts as a resistance level.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- The trade is aimed at the previous low breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 0.8895
