USDCHF - Downward trend will continue, Short trade by market price recommended
January 13, 2020 7:47:03 PM
Forecast Details
PairUSDCHF
Direction
Sell
StatusClosed (0.9682)
-130 p
0.9830
Stop Loss
0.9700
Entry
+125 p
0.9575
Target 1
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Total votes: 4
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Chart & Analyst Comments

Falling price is accompanied by minor retracement with the formation of resistance at their respective peaks.
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- 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.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.