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 (0.963)
19:26
19:26
Jan. 30, 2020

-60 p
0.9750
Stop Loss
0.9690
Entry
+64 p
0.9625
Target 1
Chart & Analyst Comments
USDCHF - Downward trend will continue, Short trade by market price recommended
  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.