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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDCHF
Publication Time9/18/24 9:06 AM
Direction Sell
Status Closed (0.8400)
9:06
9:06
Sep. 18, 2024
Forecast
-45 p
0.8485
Stop Loss
0.8440
Entry
+40 p
0.8400
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  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. MVP line is above the price and acts as a resistance level.
  3. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.84
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