USDCHF - Downward trend will continue, Short trade by market price recommended
August 12, 2019 6:46:26 AM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9775)
-85 p
0.9810
Stop Loss
0.9725
Entry
+90 p
0.9635
Target 1
About Author
Patrick Yang
Expert
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Total votes: 3
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- The present level of MVP, which is above the current price, favors Sell Orders.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
