The market has stabilized, the first signs of a downtrend appeared

May 10, 2021 1:07:15 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9075)
13:06
13:06
May 10, 2021

-65 p
0.9075
Stop Loss
0.9010
Entry
+60 p
0.8950
Target 1
+85 p
0.8925
Target 2
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. We see two clusters of stop losses below the price on which we set our first and second targets according to our forecast.