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USDCHF - Downward trend will continue, Short trade by market price recommended

December 11, 2019 5:24:25 PM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.9810)
Dec. 11, 2019

-45 p
Stop Loss
+45 p
Target 1
Chart & Analyst Comments
  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. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
  5. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
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