- Majority of traders are still holding onto Longs. This means we should continue to Sell GBPUSD.
- The present level of MVP, which is above the current price, favors Sell Orders.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The risk-to-profit ratio allows us to set Take Profit for a Short trade at 1.3175
Chart & Analyst Comments