- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- Price broke through the MVP line and rushed down. We consider this a sign for further GBPUSD price decrease.
- We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
- The SLC indicator displays a cluster of Stop Losses and Stop orders straight at the previous low level, which according to our forecast, is good for placing Take Profit.
Chart & Analyst Comments
