USDCHF - Downward trend will continue, Short trade by market price recommended
January 30, 2020 7:31:55 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.963)
-60 p
0.9750
Stop Loss
0.9690
Entry
+64 p
0.9625
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 12
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Chart & Analyst Comments
- 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.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
