1,0802. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0830. The downtrend should continue to gather momentum.
=> We could take a short position at 1,0800. We will put the stop loss above 1,0835 (-35 pips). The targets are 1,0700 (+100 pips) 1,0600 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,0810 - 1,0830
1,0770 - 1,0700