AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price showed a sharp rise and broke out the previous level of resistance. Moreover, the large positive delta implies that buyers were prevailing the market.
Volume Zones:
Unfortunately, the volume was evenly spread throught the move, so that we can't point out any new volume level or zone.
Sentiment:
This indicator shows that 73% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d14/1907/3c/db1831d02c15.png
Consider Long Positions:
Given all these factors, we may regard a scenario of opening long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the beginning of the breakout movement.
Profit Potential:
More than 80 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price showed a sharp rise and broke out the previous level of resistance. Moreover, the large positive delta implies that buyers were prevailing the market.
Volume Zones:
Unfortunately, the volume was evenly spread throught the move, so that we can't point out any new volume level or zone.
Sentiment:
This indicator shows that 73% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d14/1907/3c/db1831d02c15.png
Consider Long Positions:
Given all these factors, we may regard a scenario of opening long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the beginning of the breakout movement.
Profit Potential:
More than 80 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
