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Intraday forecastUS Dollar vs. Swiss Franc technical chart
SymbolUSDCHF
Release TimeMon, 11/13/2017 - 20:12
Advisesell (limit) below R1=0.9985
Intraday
Short term
Yesterday range43
Yesterday high0.9968
Yesterday low0.9924
Yesterday close0.996
R31.008
R21.0005
R10.9985
S10.9935
S20.992
S30.99
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9985.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9935.
TP4: S2=0.992.
Set the stoploss of these orders at breakout of R2=1.0005.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.0005.
In this situation, there is an expectation to reach the target R3=1.008.
Set the stoploss of reverse orders at breakout of R1=0.9985.

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