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

October 17, 2019 7:21:13 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.984)
19:19
19:19
Oct. 17, 2019

-65 p
0.9945
Stop Loss
0.9880
Entry
+60 p
0.9820
Target 1
Chart & Analyst Comments
USDCHF - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  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. We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.