USDCHF - Downward trend will continue, Short trade by market price recommended
October 17, 2019 7:21:13 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.984)
-65 p
0.9945
Stop Loss
0.9880
Entry
+60 p
0.9820
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 3
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.
