- According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering only Short trades at this time.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- Here we see an accumulation of buyers "locked" with a loss positions. We consider this zone as a resistance.
- The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
Chart & Analyst Comments
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