- Majority of traders are still holding onto Longs. This means we should continue to Sell USDCHF.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
- MVP line is above the price and acts as a resistance level.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
Chart & Analyst Comments
