FX.co ★ blaise.rogahn | USD/CHF

With the help of the LRMA BB indicator on this USDCHF currency pair, the upper and lower boundaries have been identified (0.81077 and 0.80958), as well as the central component of the indicator in the form of a moving average at the price level of 0.81017. At the moment, this instrument is quoted at 0.81015. We can state the presence of a bearish trend, since the USDCHF price is trading below the moving average at 0.81017. It is preferable to hold short positions until the lower boundary of the LRMA BB indicator at 0.80958 is reached. If the decline continues below this level, I will start looking at countertrend buy opportunities. Just in case, I am monitoring price behavior relative to 0.81017. A sharp breakout to the upside will indicate that a strong buyer has entered the market and is reversing the trend.