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

August 18, 2021 6:36:47 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9195)
6:34
6:34
Aug. 18, 2021

-50 p
0.9195
Stop Loss
0.9145
Entry
+45 p
0.9100
Target 1
+60 p
0.9085
Target 2
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. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  4. MVP line is above the price and acts as a resistance level.
  5. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.