For this forecast, we recommend to set Buy Limit at the following price - 1.616. This idea is based on the following analysis:
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.