The market has stabilized, the first signs of a downtrend appeared
May 10, 2021 1:07:15 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9075)
-65 p
0.9075
Stop Loss
0.9010
Entry
+60 p
0.8950
Target 1
+85 p
0.8925
Target 2
About Author
Alexander Zorevyk
Expert
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Total votes: 13
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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.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- We see two clusters of stop losses below the price on which we set our first and second targets according to our forecast.
