For this forecast, we recommend to set Buy Limit at the following price - 1.1155. 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 dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- MVP line is below the price and acts as a support level.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.