USDCHF - Downward trend will continue, Short trade by market price recommended
April 28, 2021 8:04:02 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.908)
-65 p
0.9225
Stop Loss
0.9160
Entry
+60 p
0.9100
Target 1
+80 p
0.9080
Target 2
About Author
Alexander Zorevyk
Expert
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Total votes: 0
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- MVP line is above the price and acts as a resistance level.
- The first target is at the level of the previous bottom - 0.91, and the second one, in case of an active price decrease, is at the level - 0.908
