AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price resumed the sharp growth and is testing the resistance level now. The move was supported by the large volume and positive delta, which shows a strong dis-balance of purchases among institutional players.
Volume Zones:
It is necessary to allocate the resistance level 0.6535 - 0.6550, which is being tested.
Sentiment:
This indicator shows that 76% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a30/2005/a2/a31a7c96aa03.png
Consider Long Positions:
Given all these factors, we may reckon a scenario of the breakout of the resistance. It will allow us to open long positions. The rise must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
Around 100 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 resumed the sharp growth and is testing the resistance level now. The move was supported by the large volume and positive delta, which shows a strong dis-balance of purchases among institutional players.
Volume Zones:
It is necessary to allocate the resistance level 0.6535 - 0.6550, which is being tested.
Sentiment:
This indicator shows that 76% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a30/2005/a2/a31a7c96aa03.png
Consider Long Positions:
Given all these factors, we may reckon a scenario of the breakout of the resistance. It will allow us to open long positions. The rise must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
Around 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
