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

September 30, 2022 7:59:33 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (0.9840)
Sep. 30, 2022

-70 p
Stop Loss
+70 p
Target 1
Chart & Analyst Comments
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. These accumulation of retail traders stop losses coincide with the level of the previous low. This level will serve as the target for our trade.
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