- According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. As a result, we recommend considering only Short trades at this time.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- MVP line is above the price and acts as a resistance level.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
USDCHF - Downward trend will continue, Short trade by market price recommended
December 12, 2022 1:06:46 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9245)
-85 p
0.9410
Stop Loss
0.9325
Entry
+80 p
0.9245
Target 1
Chart & Analyst Comments
