1,0271. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0300. The downtrend should continue to gather momentum.
=> We could take a short position at 1,0270. We will put the stop loss above 1,0320 (-50 pips). The targets are 1,0200 (+70 pips) 1,0150 (+120 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,0300 - 1,0350
1,0230 - 1,0200