FX.co ★ blaise.rogahn | USD/CHF

Hello traders, A southern direction prevails on the USDCHF currency pair, with a 120-period moving average on the H1 chart positioned above the price, indicating a continuation of the downtrend. The descending structure is confirmed by the ZigZag indicator, as significant lows are decreasing. The sell signal is confirmed by the price's position relative to the moving average indicator, which is at the level of 0.7900. Therefore, selling is more favorable than buying. Currently, I am considering selling from the level of 0.7910, with the first target at 0.7870 and the second target for profit-taking at 0.7830. The stop loss is set at the level of 0.7940. If the situation changes during the day, buying opportunities can be considered. For buying, the pair should establish itself above the price level of 0.7970. The take profit for buys is set at 0.8010, while potential losses from buys are limited at the level of 0.7940.

It is recommended to analyze the fifteen-minute chart for confirmation of the sell signal.