1,0198. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. USD CHF is in a range between 1,0140 and 1,0230. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0230. The downtrend should continue to gather momentum.
=> We could take a short position at 1,0200. We will put the stop loss above 1,0240 (-40 pips). The targets are 1,0100 (+100 pips) 1,0000 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,0230 - 1,0270
1,0140 - 1,0100