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

January 30, 2020 7:31:55 PM by Alexander Zorevyk
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9630)
19:26
19:26
Jan. 30, 2020
-60 p
0.9750
Stop Loss
0.9690
Entry
+65 p
0.9625
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  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. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
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