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

December 12, 2022 1:06:46 PM by Alex Zarevich
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9245)
13:06
13:06
Dec. 12, 2022

-85 p
0.9410
Stop Loss
0.9325
Entry
+80 p
0.9245
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. 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.
  2. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  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. MVP line is above the price and acts as a resistance level.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.03359580039978s
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