For today's forecast, we recommend a Buy Order at this recommended market price - 137.15. This idea is based on the following analysis:
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 138.1
