- 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.
- MVP line is above the price and acts as a resistance level.
- Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
Chart & Analyst Comments
