1,0821. 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 is low. Bollinger bands are flat. 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 1,0825. We will put the stop loss above 1,0860 (-35 pips). The targets are 1,0750 (+75 pips) 1,0700 (+125 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,0830 - 1,0860
1,0800 - 1,0750