1,1131. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. USD CHF is in a range between 1,1060 and 1,1200. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a resistance below 1,1200.
=> We could take a short position at 1,1150. We will put the stop loss above 1,1200 (-50 pips). The targets are 1,1060 (+90 pips) 1,1000 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,1160 - 1,1200
1,1105 - 1,1050