- According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering only Short trades at this time.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- MVP line is above the price and acts as a resistance level.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- We should set the target of our trade at the closest level with a large number of Stop orders, as signaled by the SLC indicator.
Chart & Analyst Comments
