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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeDecember 4, 2018 - 20:46
Advisesell (limit) below R1=0.9995
Intraday
Short term
Yesterday range32
Yesterday high0.9996
Yesterday low0.9964
Yesterday close0.9975
R31.007
R21.0005
R10.9995
S10.9955
S20.9915
S30.986
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9995.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9955.
TP4: S2=0.9915.
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=1.007.
Set the stoploss of reverse orders at breakout of R1=0.9995.

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