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

August 14, 2019 7:10:44 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9745)
7:07
7:07
Aug. 14, 2019

-44 p
0.9790
Stop Loss
0.9745
Entry
+45 p
0.9700
Target 1
Chart & Analyst Comments
USDCHF - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. These sellers’ stop loss will most likely be triggered before the start of the downward movement. From this level you should sell. In our case, we have set Sell Limit order.
  5. MVP line is above the price and acts as a resistance level.