ForecastCity
Short

USDCHF Intraday Forecast

FX:USDCHF   U.S. Dollar / Swiss Franc
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.999.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.994.
TP4: S2=0.9905.
Set the stoploss of these orders at breakout of R2=1.001.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.001.
In this situation, there is an expectation to reach the target R3=1.0085.
Set the stoploss of reverse orders at breakout of R1=0.999.

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I Guese TP4 was Hit, Lets see if it reverses.
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ForecastCity lehlogonolo
@lehlogonolo, Thank you for sharing your idea and good luck.
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We have a bearish view bias on USDCHF. If it breaks out of its swing low support at 0.9925, we expect it to drop further. Here’s our idea!
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@FXCM-EDU, Thank you for sharing your idea and good luck.
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@FXCM-EDU, Thank you for sharing your idea and good luck.
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