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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
Publish Time9/19/22 10:05 AM
Direction Sell
Status Closed (0.9635)
10:05
10:05
Sep. 19, 2022
Forecast
-75 p
0.9740
Stop Loss
0.9665
Entry
+75 p
0.9590
Target 1
Related Links
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.959
    index: 1x 0.037769079208374s
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