USDCHF - Upward trend will continue, Long trade by market price recommended
June 23, 2021 3:33:47 PM
Forecast Details
PairUSDCHF
Direction
Buy
StatusClosed (0.9185)
+75 p
0.9245
Target 1
0.9170
Entry
-70 p
0.9100
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 3
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- 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.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- 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.
