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

September 24, 2019 11:44:38 AM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9865)
11:43
11:43
Sep. 24, 2019

-50 p
0.9940
Stop Loss
0.9890
Entry
+50 p
0.9840
Target 1
Chart & Analyst Comments
USDCHF - Downward trend will continue, Short trade by market price recommended
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
  2. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. MVP line is above the price and acts as a resistance level.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.