AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The pair demonstrated a sharp growth and is testing the level of resistance at the moment. The move was supported by the increased volume, so that we may assume that the smart money pushed the price up. Besides it, the increased possitive delta only enhances the strength of this signal.
Volume Zones:
We need to allocated an important level of resistance/local maximum 0.7036.
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://b.radikal.ru/b00/1907/dd/28dccd431a7a.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will allow us to open long positions. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 pair demonstrated a sharp growth and is testing the level of resistance at the moment. The move was supported by the increased volume, so that we may assume that the smart money pushed the price up. Besides it, the increased possitive delta only enhances the strength of this signal.
Volume Zones:
We need to allocated an important level of resistance/local maximum 0.7036.
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://b.radikal.ru/b00/1907/dd/28dccd431a7a.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will allow us to open long positions. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 -
