USDCHF - Downward trend will continue, Short trade by market price recommended
November 4, 2019 6:07:17 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9985)
-115 p
0.9985
Stop Loss
0.9870
Entry
+120 p
0.9750
Target 1
About Author
Patrick Yang
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: 3
Buy or Sell
Chart & Analyst Comments
- Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
- MVP line is above the price and acts as a resistance level.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
