USDCHF - Downward trend will continue, Short trade by market price recommended
December 11, 2019 5:24:25 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.981)
-44 p
0.9900
Stop Loss
0.9855
Entry
+45 p
0.9810
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 12
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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.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- 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.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
