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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
PairUSDCHF
Direction Sell
StatusClosed (0.9810)
17:22
17:22
Dec. 11, 2019
-45 p
0.9900
Stop Loss
0.9855
Entry
+45 p
0.9810
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  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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