- For a while now, the Current Ratio indicator provides an opportunity for Long trade. We are using this signal as a basis for today’s trading forecast.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- MVP line is below the price and acts as a support level.
- These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.
Chart & Analyst Comments
