- 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.
- Price broke through the MVP line and rushed down. We consider this a sign for further GBPUSD price decrease.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.
Chart & Analyst Comments
