1,1119. 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 high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The target is expected at 1,1000.
=> We could take a short position at 1,1120. We will put the stop loss above 1,1160 (-40 pips). The targets are 1,1080 (+40 pips) 1,1000 (+120 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,1125 - 1,1160
1,1100 - 1,1080