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 Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell 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 downward movement. From this level you should Sell. In our case, we have set a Sell Limit order.
  5. MVP line is above the price and acts as a resistance level.