- Majority of traders are still holding onto Longs. This means we should continue to Sell GBPUSD.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
Chart & Analyst Comments
