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

July 20, 2022 12:08:11 PM by Alex Zarevich
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed
12:08
12:08
Jul. 20, 2022

-65 p
0.9770
Stop Loss
0.9705
Entry
+65 p
0.9640
Target 1
+105 p
0.9600
Target 2
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. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
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