USD/CHF: Time to Sell Amidst Global Events
đź‘‹Good day, traders!
📉Due to the events in Israel since the beginning of October, USD/CHF has lost more than 3.5% in value and recently broke its upward trend. If the decline in USD continues and breaks the support level at 0.89150, we can expect the beginning of a major downtrend towards the target levels of 0.88450, 0.87900, and 0.87000. I recommend considering selling from the conservative level of 0.88900-0.88700, anticipating a potential profit of 0.45-2.1%, with a SL at ~0.89750.
âś…Hit the đź‘Ť if you want more interesting and profitable trading ideas!
âť“I look forward to your comments. What are your thoughts on this?
DISCLAIMER:
This idea is for informational and educational purposes only and is not a trading recommendation. Traders analyze and make decisions on using this information independently.
📉Due to the events in Israel since the beginning of October, USD/CHF has lost more than 3.5% in value and recently broke its upward trend. If the decline in USD continues and breaks the support level at 0.89150, we can expect the beginning of a major downtrend towards the target levels of 0.88450, 0.87900, and 0.87000. I recommend considering selling from the conservative level of 0.88900-0.88700, anticipating a potential profit of 0.45-2.1%, with a SL at ~0.89750.
âś…Hit the đź‘Ť if you want more interesting and profitable trading ideas!
âť“I look forward to your comments. What are your thoughts on this?
DISCLAIMER:
This idea is for informational and educational purposes only and is not a trading recommendation. Traders analyze and make decisions on using this information independently.
Disclaimer
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