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

October 19, 2021 6:01:56 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9185)
17:56
17:56
Oct. 19, 2021

-55 p
0.9280
Stop Loss
0.9225
Entry
+55 p
0.9170
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. As a result, we recommend considering only Short trades at this time.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  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. MVP line is above the price and acts as a resistance level.
  5. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.036403894424438s
t_/pages/forecast: 1x 0.03355598449707s
t_/common/header-new: 1x 0.022121906280518s
t_/common/head: 1x 0.018549919128418s
t_/common/footer-new: 1x 0.0024688243865967s
router_page: 1x 0.0014479160308838s
router: 1x 0.00082182884216309s
t_/popups/on-download: 1x 0.00062298774719238s
service-routes: 1x 0.00032210350036621s
router_redirection: 1x 0.00012898445129395s
t_/popups/zoom: 1x 3.7908554077148E-5s
----- END OF DUMP (2021-12-01 15:23:12)  -----