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

May 27, 2020 7:30:38 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (0.9680)
May 27, 2020

-50 p
Stop Loss
+50 p
Target 1
+80 p
Target 2
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. As a result, we recommend considering only Short trades at this time.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  4. MVP line is above the price and acts as a resistance level.
  5. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
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