- According to the most brokers’ data, more than half of the traders are currently in long positions on USDCHF. 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.
- We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
- We should set the target of our trade at the closest level with a large number of Stop orders, as signaled by the SLC indicator.
Chart & Analyst Comments
