1,0512. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.
=> We could take a short position at 1,0510. We will put the stop loss above 1,0620 (-110 pips). The targets are 1,0300 (+210 pips, risk/reward 1:1.9), 1,0100 (+410 pips, risk/reward 1:3.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
1,0550 - 1,0775
1,0420 - 1,0300