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

September 19, 2022 10:05:39 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9635)
10:05
10:05
Sep. 19, 2022

-75 p
0.9740
Stop Loss
0.9665
Entry
+75 p
0.9590
Target 1
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
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