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
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
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.