- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The first target is at the level of the previous peak - 1.081, and the second one, in case of an active price increase, is at the level - 1.0835
Chart & Analyst Comments
