Time Frame: 4H
Symbol: USDCHF
Entry: 0.92364
TP: 0.91227
SL: 0.93166
Bias: Short
The price change of this instrument has a bearish bias . The moving averages from 50 to 200 are also not very strong in favor of long. The historical volatility and the correlation with basket of currencies are also not significant in favor of going long. So, we are to short and we can expect a good sell trade from the current price context.
Symbol: USDCHF
Entry: 0.92364
TP: 0.91227
SL: 0.93166
Bias: Short
The price change of this instrument has a bearish bias . The moving averages from 50 to 200 are also not very strong in favor of long. The historical volatility and the correlation with basket of currencies are also not significant in favor of going long. So, we are to short and we can expect a good sell trade from the current price context.
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