USDCHF - Upward trend will continue, Long trade by market price recommended

June 23, 2021 3:33:47 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Buy
StatusClosed (0.9185)
15:32
15:32
Jun. 23, 2021

+75 p
0.9245
Target 1
0.9170
Entry
-70 p
0.9100
Stop Loss
Chart & Analyst Comments
USDCHF - Upward trend will continue, Long trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The Ratios indicator demonstrates a market shift towards sellers. Their increase while the downward movement may indicate a successfully triggered trap. Possible price upward reversal.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.