1,1126. 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. ForexTrend 1H, 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 1,1125. We will put the stop loss above 1,1155 (-30 pips). The targets are 1,1050 (+75 pips) 1,1000 (+125 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,1145 - 1,1170
1,1100 - 1,1050