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Intraday forecastUS Dollar vs. Swiss Franc technical chart
SymbolUSDCHF
Release TimeWed, 05/15/2019 - 20:08
Advisesell (limit) below R1=1.011
Intraday
Short term
Yesterday range45
Yesterday high1.0096
Yesterday low1.0051
Yesterday close1.0086
R31.0205
R21.013
R11.011
S11.007
S21.005
S31
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.011.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.007.
TP4: S2=1.005.
Set the stoploss of these orders at breakout of R2=1.013.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.013.
In this situation, there is an expectation to reach the target R3=1.0205.
Set the stoploss of reverse orders at breakout of R1=1.011.

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